Types Of Autonomous Smart Contracts

A smart contract has the power to invoke almost all the digital assets. Over the period, these contracts have possessed complexity and completely independent in nature. This is to ensure the progression of complex transactions like that of payments and currency exchange.

The different types of Smart Contracts

  1. The Dapps: This abbreviation is for ‘decentralized applications’.
  • These applications are attached to the blockchain with self-programmed working operations and contain all the particular entities needed for its functioning.
  • Moreover, different protocols have given diverse and special definitions for dapps like distributed applications and the one maintaining a public transaction ledger.
  • Further, the cryptocurrency ether defines it as a transaction protocol on cryptographic blockchain that maintains the well-execution of contract requisites.
  • The users’ information is pseudonymously shielded while running the application across the network nodules.
  • For example, LaZooz is decentralized car ride scheme, Storj for decentralized data storing and a lot more.
  • The Characteristic features include:

Open Source with no one else to control its operation or data and records should be stored in blockchains;

Uses standard algorithms to issue tokens;

The protocols should be in an updating state that adapts to proposed developments and works with market situation.


  1. The DAOs and The DACs: This stands for ‘decentralized autonomous organizations and corporations’ respectively.
  • These are more complex than dapps as they are derived from the concept of artificial intelligence.
  • Initiates to run on blockchain operations with the execution of pre-specified and approved tasks based on changing environments.
  • Tasks are being performed without any kind of human involvement under a set of business protocol and give the impact of real-world business that could be re-established on the blockchain.
  • For example, DriveShare and Metadisk are the apps that assist users to rent out the left disk storage space on the storj cloud network.


  1. The DASs and the Self-Bootstrapped firms: Indicates the decentralized autonomous societies.
  • This can be stated as the taskforces of smart contracts or the entire world of Dapps, DAOs, and DACs working independently.
  • The most interesting feature of a self-bootstrapped organization is that it is the venture ideas stemming out from the bc concept or from an individual. This entirely new project stands out all alone with its smart contract associations and crowdfunds itself and investors on the mission to operate and receive back the comments through the prevailing prediction markets and bc voting. They can eventually dissolve or re-evaluate on periodically conducted voting.

We are gifted with a handful of apps related to these smart contracts like Bit-message, a text share technology and Twister, a decentralized Twitter. All these secured apps come to our benefit and are autonomously operated via network lumps.


The Process Of an IPO and its benefits to the company


IPO means initial public offering which refers to the first time letting out of a company’s shares to the general people for sale. It is also known as going public, which is a company’s status from being private to moving as a public with more of general participants for investment purposes. In the private stature, the company deals with its founders whoa are usually family and friends and internal investment partners like venture capitalists and angel brokers.

Purpose of an IPO:

IPO is a common word which we hear very often in the business world. Every company comes through this way of inviting new investors at some point in their life cycle. This is mainly due to some reasons like expansion and further betterment of the industry. Hence IPO is a good option to make more money and also come in partnership with a good amount of customers.

Though there are few other methods of borrowing from institutions, finding more investors or being acquired by other companies for expansion of the business and to raise capital when needed. But IPO is the clearest and best options by far for the purpose of going into better business.

The benefits of an IPO:

IPO is a wise business decision undertaken to make the business more strong and also more public. Before thinking of putting this as a way of raising funds then we need to look into the benefits of an IPO.

  1. It is possible to find a large number of prospective investors through an IPO when the company is going global.Otherwise, it is difficult to find investors who can contribute to raising funds for the business growth.
  2. IPO helps the company to get a lower cost of capital and expect to promote the business from the return it makes. This is risky as there is no stability about this return at all times.
  3. Another benefit is that IPO allows for a business to rapidly increase its sales and profits which happens due to the public image it gets due to the IPO.
  4. Public companies will be able to retain good and effective employees rather than limiting the equity participation.
  5. The company can facilitate for acquisitions and aim at making the business more globally well known for the process of profit making.
  6. A company which releases an IPO will make the highest raising of funds when compared to other methods and other companies.