Security is one of the first things to invest in when managing your networks and applications. Just like the evolution of technology, the nature of ransomware and online threats have also evolved, and it has become extremely important to employ the latest best practices of cybersecurity to secure our devices and networks. However, despite our efforts to maintain the integrity of our cybersecurity systems, cybercriminals are insistent on finding new ways to penetrate our networks for malicious purposes.
Smart contracts are being adopted at an increasing rate. They have the potential to change everything from how we use money to how we vote and even do business transactions. Smart contract platforms like Ethereum allow developers to create applications that can become self-enforcing agreements between two or more parties. This means that once a smart contract is created, it will execute automatically when all of the conditions within the contract are met without any need for human intervention.