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May 1, 2023Ā· Advances in finance, accounting, and economics book series
book-chapter

The New Architecture of Smart Contracts and Its Impact on Performance, Vulnerability, Pollution, and Energy Saving

Abstract

The main purpose of the research is to provide a solution that can resolve the well-known issues in the current smart contract concept and fully change the architecture used in smart contracts and blockchain. For this purpose, the author lists the issues, analyzes them, and provides the solution explaining how it will change the situation and what kind of positive impact it will have not only on the performance of smart contracts and their extensibility but also the impact on pollution and saving of energy.

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