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Just like the largest cryptocurrency, bitcoin (BTC), ether can be used to send payments directly to another person without the need for an intermediary.The long-term vision for Ethereum is to power more than just financial transactions.

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ETH is unique in its ability to fill the role of a capital asset, consumable/transformable asset, and as a store of value.The innovative qualities of Ethereum have led to an explosion of new digital assets in the Smart Contract Platform (SCP) sector.

earn money from offering virtual personal styling services ✌️【365vc.net】✌️Start with just ₹500 and achieve up to 100% returns in a month. Easy, fast, and reliable.This blog post takes a brief look at the Smart Contract Platform sector, its significance as a digital asset sector and how CoinDesk Indices is setting standards that define this sector.Smart contracts are computerized blockchain protocols that execute terms of a contract.

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earn money from offering virtual personal styling services ✌️【365vc.net】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one month.SCP assets are designed for the building of decentralized applications, layer 2 scaling systems, decentralized autonomous organizations (DAO) and other custom protocols.Every platform has a unique open-source user and miner incentive structure that utilizes the Byzantine Fault-tolerant (BFT) consensus mechanism.

Every platform also utilizes a native token for the payment towards building on the platform, providing liquidity and allowing interoperability between the native token and the newly created tokens built on the platform.In December 2021, CoinDesk Indices launched its Digital Asset Classification Standard (DACS) to set the standard for defining the industries of digital assets.

Every one of the top 500 digital assets by market capitalization is assigned to an industry defined by DACS.

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Finally, at least one industry group is assigned to a sector.The SCP sector is the second-largest sector in DACS, with 88 assets representing over 35% of the digital asset market worth approximately $750 billion in market capitalization as of March 31, 2022.

In addition to the SCP sector, DACS offers five other sectors: Currency, Computing, Culture & Entertainment, DeFi (Decentralized Finance) and Digitization.

earn money from offering virtual personal styling services ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.The six sectors in DACS represent 22 industry groups and 35 industries.To be assigned to an industry in the SCP sector, the digital asset must be transparent, self-executing and trustless.

earn money from offering virtual personal styling services ✌️【365vc.net】✌️Save, invest, and grow! ₹500 to begin, with potential for 100% monthly profits.Smart contract platforms tend to have their own blockchains and consensus mechanisms, but it is disputable how to classify tokens with smart contract capabilities, depending on whether they are used for specific applications or not intended to build dapps (decentralized applications).

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