Vitalik Buterin foresees growing popularity of crypto payments
The Ethereum co-founder thinks in the near future the transaction cost will drop to $0.02. It "makes sense” for crypto payments.
In 1994, Nick Szabo, a cryptographer and lawyer, first introduced the smart contract concept. In 2008, the world saw the emergence of Bitcoin and the further development of blockchain. Smart contract technology, being computer code, makes it possible to implement any type of transaction in the crypto industry. Smart contracts can be used on various blockchain platforms. Meanwhile, as the popularity and use of crypto assets grow, smart contracts are being used more often to conduct transactions and exchanges.a
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