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Griffon Webstudios

Exploring Smart Contract Platforms Powering Web3

Smart contracts have become essential for creating trustless automated systems as blockchain technology disrupts established industries. The decentralized internet depends on smart contracts which function as code-based infrastructure to support DeFi and NFTs as well as real estate and supply chain transformations. What serves as the foundation for these smart contracts? Smart contract tokens function as native cryptocurrencies and utility tokens that enable programmable logic execution and validation on blockchain networks. This article examines the leading smart contract tokens by evaluating their performance alongside developer ecosystems to help you determine the best blockchain platforms for your new projects. What Are Smart Contract Tokens? Smart contract tokens function as digital assets that serve programmable blockchains to cover costs of transactions and execute smart contracts and maintain network security. Smart contract tokens differ from Bitcoin because they serve as essential components of decentralized computing systems whereas Bitcoin functions mainly as digital value storage. These tokens support the deployment of decentralized applications (dApps), enable tokenized asset transfers and serve as the base for thousands of DeFi protocols and NFT marketplaces and enterprise blockchain solutions. Ethereum (ETH): The OG Smart Contract Giant Ethereum introduced the world’s first Turing-complete smart contracts when it launched and

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Griffon Webstudios April 28, 2025
Guide to Blockchain Development
Blockchain
Griffon Webstudios

A Complete Guide to Blockchain Development

The blockchain is an innovative technology that was first used in the world of cryptocurrency, but it has quickly become one of the most valuable tools for business. In fact, many companies are already using the blockchain to create new products and services. However, blockchain development isn’t just for startups or other small businesses—it can help any organization improve its efficiency and reduce costs by providing better transparency into its operations.   What is the Blockchain? The blockchain is a shared, distributed, and decentralized database that anyone can access. A blockchain can be public or private and allows information to be stored in a way that makes it easy to verify ownership while providing high levels of security. Individual blocks of data are recorded and linked together using bespoke cryptography to keep it discrete and secure. These blocks create a chain available in the public database. The financial sector accounts for around 30% of the market value for blockchain. Blockchain in healthcare will reach a value of $1189.8 million by 2028 Why use blockchain? Blockchain is a distributed ledger technology (DLT). It is an immutable record of transactions shared across a peer-to-peer network. This means that, unlike a traditional database,

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Griffon Webstudios July 26, 2022
Blockchain
Griffon Webstudios

Metaverse and Blockchain for Business- How Does it Work?

Over the last couple of years, there has been a lot of speculation about blockchain technology, the metaverse, and how it will affect your business operations. Understanding the benefits of blockchain for business innovations is not as complicated as it may seem. This is simply a new opportunity to expand your business using new technology, introducing you to more clients. Once you get the basics of the technology down, you will see how it can improve your business operations. What is this technology? The metaverse for businesses and blockchain technology may require a little explanation first. We will start with the metaverse. This is a virtual world reflecting our own reality. You can still buy and sell real estate, go to a coffee shop, pay for things using currency, and hang out with friends inside this digital space. Basically, you can do everything you do in the real world inside the metaverse. The difference is instead of using paper money in your pocket, you’ll be using cryptocurrency or trading NFTs to complete a transaction. This is where blockchain comes into play. This is nothing more than a decentralized digital ledger of transactions that are verifiable by anyone. There is no central

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Griffon Webstudios April 18, 2022
NFTs Explained - How Is It Beneficial For Businesses?
Blockchain
Griffon Webstudios

NFT Explained – How is it Beneficial for Businesses?

It is impossible to read any technology news or financial article and not have the phrase NFT come across at some point. What may have started as a trend a couple of years ago has exploded into a new realm of importance thanks to the proliferation of cryptocurrency and the Metaverse name change from Facebook. Now, if you want to stay current with modern business trends, you need to understand the ins and outs of NFTs for businesses.   What are NFTs? NFT stands for a non-fungible token, which is a fancy term for something that is one of a kind. Think of it like this: a dollar bill can be traded for another dollar bill; in fact, that is what our economy is based on. This is a fungible token, an item that can be exchanged for exactly the same thing.   An NFT is one of a kind. It is like owning a Babe Ruth baseball card signed by The Babe and attached to a ticket for a specific seat for his last game. This is a one-of-a-kind package. There may be similar items, but nothing matching that exact thing – thus non-fungible.   How do NFTs Work?

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Griffon Webstudios February 3, 2022

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