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Solidity is a programming language, used to develop Smart contracts and execution of business logic. Compound Finance is a perfect example of a native blockchain application that provides a benefit that cannot be achieved in the traditional financial system. Use this guide to get started on that method now! Traditional blockchains, such as Bitcoin and Ethereum, utilize a consensus mechanism called Proof-of-Work PoW , where miners compete to solve complex mathematical puzzles to validate transactions and add them to the Blockchain. Smart Contracts Smart contracts are self-executing agreements, with terms contained in lines of code, and nearly every blockchain solution and interaction makes use of them.
