Who's Afraid of Ethereum? The Top 12 Smart Contract Platforms | Crypto Briefing
Smart contract platforms now allow anyone to design programmable finance and apply them to a myriad of new use cases. For example, the decentralized finance (DeFi) movement, as well as other decentralized applications (dApps), are all dominated by Ethereum-based smart contracts.
One can think of smart contracts as dynamic "if-then" statements.
And if a developer or company combines enough of them together, they can build never-before-seen tools. The advantages aren't just in this flexibility, either. Smart contracts eliminate many of the costs of intermediaries traditionally included in the fields of law, finance, supply chains, and much more.