Smart contracts with STEEM

Smart contracts with STEEM

As some of you may already be aware.. Ethereum (ETH) seems to be shaky here recently with all of the hard forks and FUD around it.

But STEEM can do smart contracts as well!

If anyone remembers Dan has posted about this in the past https://steemit.com/lisk/@dan/why-lisk-is-inferior-to-ethereum

Where he stated:

A smart contract on Steem can use side chains. A side chain is really a fancy way of saying a multisig account where the transactions that should be signed are agreed upon by consensus and then signed by multiple independent parties as defined by a smart contract. Steem Smart contracts can interact with the rest of the Steem blockchain just like any other user can. The smart contract consensus algorithm will generate and sign valid Steem transactions which get included in the Steem blockchain.

And also

App developers could use Steem and BitShares to implement smart contracts via Side Chains in the same manner. Steem has one major advantage that no other smart contract platform has: free transactions. This means that anyone can implement a side chain "smart contract plugin" without having to worry about the fees their contracts require.

Then ended by saying

Steem can be used as a powerful smart contract platform, the possibilities are endless.

So I just figured I would share this with all the other madness going on right now with the new Economic Changes, and hopefully give everyone more of a reason to be excited about STEEM!