Revolutionizing Smart Contracts

Author:

Galiautdinov Rinat1ORCID

Affiliation:

1. Independent Researcher, Italy

Abstract

The current study examines the challenges associated with smart contracts and their overall concept and offers a resolution that can effectively address all the prevailing issues. Moreover, it advocates for a shift in the current architecture employed in smart contracts and blockchain. The study identifies the problems, conducts an analysis, and presents a solution that expounds on how the proposed changes can enhance the performance of smart contracts based on a new architecture, boost their scalability, change the IoT world, and promote an eco-friendly environment by reducing pollution of natural environment and conserving energy.

Publisher

IGI Global

Reference31 articles.

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2. Bonneau, J., Clark, J., & Goldfeder, S. (2015). On bitcoin as a public randomness source. IACR Cryptol., 1015.

3. Brown. (2016). SECG SEC 1: Elliptic Curve Cryptography (Version 2.0).https://www.secg.org/sec1-v2.pdf

4. Under-optimized smart contracts devour your money

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