We go through some real use cases for smart contracts
I ask @andrarchy Andrew Levine the CEO of Koinos Group to go through the gFam platform and see what type of functionality might be implemented using smart contracts. While we started with this particular platform, the conversation contains lots of ideas about shaping incentive systems for users.
The primary focus of a blockchain is to distribute tokens, and really, the best use cases for blockchain are platforms, applications and systems where the users are unaware it’s all powered by a blockchain. The tokens can either be fungible (many identical tokens) or non-fungible (singular unique tokens) and smart contracts are really just a way to program in more complex methods of distribution.
Here is the conversation on Cinnamon.video:
Or, here is the same video in a YouTube embed:
This conversation has obviously given me a lot to think about. I already had a lot of ideas on what I wanted to focus on next, and clearly incentive programs that encourage the exact behaviour a platform needs to be successful is quickly rising to the top of the Must Do list.
If you have any thoughts or questions on this little chat on real use cases for smart contracts, please let me know. It’s a super confusing space but I think we can all create something really amazing…
Previous blockchain content
Clarion OS & KOINOS announcements!
Koinos Plans for 2021 – come join the community!
Transaction Speeds – Centralization vs Decentralization
Institutional store of value in digital assets?
Tokenomics of Blockchains
Enterprises and Public Blockchains
Feeless Blockchain Transactions – How does it work?
Token distribution – Mining KOIN and Proof of Work
Integrating with Koinos
Smart Contracts – what are they?
A conversation with Andrew from the KOINOS Group
Here are all the good bits:
Koinos Network Socials
Koinos Group Socials
Finally, if you have any questions please feel free to either comment on this post or reply to this tweet:
Thanks so much for watching!
Please note : The above post may contain affiliate links.
Below are some product referral links that I love and will benefit us both if you’re interested.
Splinterlands – A super fun blockchain card game that I play almost every day.
Coil – A $5 USD monthly subscription fee provides you access to a ton of content and sites in a way that fairly rewards the creators of that content.
Exxp – The WordPress App to link your blog to the Hive blockchain.
NomadTask – Earn for completing online tasks like following accounts or completing reviews.
MINT Club – Create your own Smart Media Tokens with no coding required.