Smart contracts on blockchain, FAQs

It is a special type of account on a blockchain, such as Ethereum. Unlike normal user accounts, smart contracts contain code that runs in response to a particular transaction. That code runs on thousands of distributed nodes instead of a centralised server, which is what makes it decentralised.

Solidity, a statically typed, curly-braces programming language designed specifically for building smart contracts that run on Ethereum. Our developers work in Solidity to build and deploy Ethereum smart contracts.

Yes. Cardano smart contracts are built using Plutus, described by Cardano as the platform that lets users write applications that interact with the Cardano blockchain. According to Cardano blockchain insights, there are approximately 1,000 Plutus-based smart contracts on Cardano.

Smart contracts are pre-programmed, automatic digital agreements. They are self-executing, unalterable and incorruptible, and they don't require any acts or the presence of other parties to run once deployed.

They work best where decentralisation is preferred, such as escrow services, where services must be robust and always available, such as finance, where results must be predictable and provably fair, such as casinos, and where a complete, permanent history of transactions is required, such as property ownership.

Yes. If you create music or art, you can build NFT smart contracts to mint and sell your work, one of the more established use cases for smart contract development today.

Two places in particular. Where instantaneous speed is required, since smart contracts can take more than 15 seconds to perform an action, making them unsuitable for something like music streaming, and where your target users aren't tech-savvy, since smart contracts are still relatively difficult for the average user to interact with directly.

Smart contracts are gaining popularity and there are already positive use cases across several verticals. Businesses that establish a presence early gain a first-mover advantage and a foundation to grow a decentralised offering while competitors are still deciding whether to get involved.

A large audience of high net-worth and tech-savvy individuals who are actively willing to buy blockchain-based products, which is part of why an early, well-built smart contract can be a genuine differentiator rather than just a technical exercise.

Development is paired with audit and deployment support, so the contract is checked and pushed live rather than handed over unverified. Ongoing use-cases like NFT, DeFi and escrow are covered as part of the same engagement.

Share your use case, target blockchain and timeline through the enquiry form. We come back within 24 hours with a costed plan covering chain recommendation, contract architecture and a development roadmap.