What is so smart about smart contract platforms? JodieGunzberg, CFA, Managing Director at CoinDesk Indices, explains:
), ether can be used to send payments directly to another person without the need for an intermediary.
The innovative qualities of Ethereum have led to an explosion of new digital assets in the Smart Contract Platform sector. 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.
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 and Digitization. The six sectors in DACS represent 22 industry groups and 35 industries.
Therefore, the CoinDesk Smart Contract Platform Select Ex ETH Index , which is just like SPCX but without ETH, offers flexibility to investors to get exposure to assets in the smart contract platform to complement their existing positions in ETH. Alternatively, SCPXX can be used simply to get exposure to the smaller assets inside the SCP sector. The two, taken together, can be analyzed for insights on performance between ETH and the rest of the sector.
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