#HEMIBinanceTGE What are smart digital currencies?
They are currencies or blockchain networks that are not limited to financial transactions (like Bitcoin), but allow for the programming and execution of smart contracts.
A smart contract is a program stored on the blockchain that executes automatically when certain conditions are met, without the need for an intermediary.
Examples of smart digital currencies:
Ethereum (Ethereum - ETH)
The first blockchain network to widely develop smart contracts.
Decentralized applications (dApps) such as decentralized finance (DeFi) and NFTs are built on it.
Binance Smart Chain (BNB Chain)
A faster and cheaper alternative to Ethereum.
Supports smart contracts and dApps.
Cardano (Cardano - ADA)
Focuses on security and scalability.
Uses the Haskell programming language to develop smart contracts.
Solana (Solana - SOL)
A very fast network with low fees.
Widely used in decentralized applications and games.
Polkadot (Polkadot - DOT) and Avalanche (Avalanche - AVAX)
Focus on connecting multiple blockchain networks together and providing a flexible environment for smart contracts.
Its main uses:
Decentralized finance (DeFi): Loans, trading, investing without banks.
NFTs: Digital ownership of artworks or assets.
Decentralized games: Games based on digital tokens.
Supply chains and commercial contracts: Tracking products and executing contracts automatically.
