The Era Of Customized Blockchains Is Rising Because Smart Contracts Aren’t Really ‘Smart’

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Bitcoin laid the foundation of a decentralized peer-to-peer asset with a unique economic security model that is trustless, borderless, and censorship-resistant. Bitcoin is a standalone blockchain and doesn’t have an execution environment for running smart contracts. Q1 2021 hedge fund letters, conferences and more Ethereum brought much-needed flexibility and extensibility to this space by introducing a programmable blockchain that supports smart contracts with its Turing Complete EVM (Ethereum Virtual Machine). Soon after the launch of Ethereum, the smart contract space exploded that led to th…

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