Journal Entry: Shane Andrew Smith-11/25/2024-Lesson 8: Understanding Ethereum

Journal Entry

Critical Thinking Response:

  1. The smart contracts are automatically processed and paid upon the transactions being confirmed by the software instead of a human being.
  2. The use of proof-of-stake helps to legitamize someone’s claim or payment more timely.
  3. DApps allow for a great use of transactions digitally and online and could eventually elminate the need for in-person services.

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