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Roughly 60% of Ethereum smart contracts have never been interacted with
- rocky1138 8y agoIs this bad? Surprising? Ethereum has only been around for a few years. There are only so many tutorial contracts to test out and so many people actually making new contracts that it isn't surprising the initial cut is so limited. What different would it say, for example, if this were true 25 years after Ethereum got started?
- chrisco255 8y agoThis stat (or something close to it) could probably be applied to anything that is fairly simple to deploy: apps, websites, Github repos, etc. Is there any reason to believe that something like the Pareto Principle wouldn't apply to Ethereum smart contracts?
- aae42 8y ago60% seems low to me
- duskwuff 8y agoThe percentage probably goes up by a lot if you include contracts which have only been interacted with minimally (e.g, once or twice, or only by a single entity).
- village-idiot 8y agoAs has been pointed out, a large percentage of these are probably “hello world” types, which is harmless enough. I’d be interested in what percentage of smart contracts are actually useful. Remove the demo contracts, the horribly broken, the Ponzi schemes and all the ICO token contracts. What do you have left, and does it justify the existence and price of Ethereum?
- rspeer 8y agoWith those excluded, what you have left is going to be 99.9% gambling. Fills a demand, sure. But I would assume that every one of these contracts is more shady and less fun than online poker.
- village-idiot 8y agoI wonder what percentage of those are not rigged.
- arisAlexis 8y agoWhy are ICO contracts not useful?
- sonnyblarney 8y ago"Why are ICO contracts not useful?" Burden is on your side: "Why are they useful?"
- arisAlexis 8y agonope the burden is on yours because apparently people do use them (proven by transactions from different addresses)
- village-idiot 8y agoThe only use case I’ve seen is to evade SEC IPO rules. I consider that worthless. Well, that and ponzi coins and exit scam coins. I also see post exit-scam coins still trading above 0, which just screams bubble to me.
- enjeyw 8y agoHere's a smart contract I deployed that gets regular use: https://etherscan.io/address/0x04b547C56d997A70Fa5fa007bE176D10C2c38A48 https://etherscan.io/address/0x04b547C56d997A70Fa5fa007bE176... There were at least prior one version that I deployed where there was a misconfiguration, so it was never interacted with. There were another half dozen versions or so that I deployed to testnets and the main-net for testing purposes that were barely used.
- magma17 8y agowhere is the code you pos?
- arisAlexis 8y agoI think it's important to sat that since you can deploy a smart contract for $2 then a lot of people do it for testing purposes or just deploy a new one for every softwat iteration. Blockchain is immutable and thatt expected. Imagine counting how many deploys have been written on Heroku before the first user starts using the software.
- Mc_Big_G 8y agoRoughly 99.999% of web apps have no users.
- nil_pointer 8y agoNot surprising considering we're still in the early stages of smart contract adoption. I'm curious what this number will be in 2020.
- teslaberry 8y agomore like 99.