Here are some potential technological advancements that could shape the future of smart contracts.

Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has denied that 921 Ether (ETH)  worth $1.7 million will be "stuck forever" in one of its new projects.

BNB Smart Chain continues to be a preferred choice for crypto criminals, with a significant 18 cases reported in the first quarter of the year.

On March 14, the European Parliament voted in favor of new data controls to be included in a larger bill designed to address data privacy without stifling innovation. A new clause in the bill known as the Data Act requires all smart contracts to include a “kill switch.”

Solidity is a highly functional language with many noteworthy advantages, which is very helpful for smart contract development.

Controversial European Union rules requiring a kill switch for certain smart contracts may limit the vital ability to set standards for the sector, the European Commission’s Thierry Breton told reporters on Tuesday.

The parts that make up the cryptocurrency ecosystem are not all equal, United States Federal Reserve Board governor Christopher Waller told a conference audience on Feb. 10. He considered crypto assets, blockchain technology and trading technology, such as smart contracts and tokenization, separately.

zkSync is a general-purpose smart contract Validity Rollup platform. It is focused on aligning with the Ethereum community and is widely expected to be the first EVM-compatible Validity Rollup on mainnet.

The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX.