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Benefits of a block smart contract
The rapid growth of smart contracts is driven by the development of cryptocurrency. First of all, Ethereum should be noted. It is one of the few platforms that allows you to create your own smart contracts. The main advantages of digital contracts are the absence of the presence of intermediaries. As already mentioned, the absence of intermediaries makes the process much easier and faster. Now there is no need to seek the help of a lawyer. Everything follows pre-written code. All contracts are stored encrypted on the blockchain. The purpose of the system is that no one can change the smart contract or replace data. In addition, secret keys are used for signing, which increase the level of security.
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kasna - The contract is executed on the network inside the Ethereum virtual machine. This performance is not free, but is paid in the form of a "gas" of a small amount of ether currency contributed by one or more parties to the contract. An important detail is that the execution is decentralized and takes place at all nodes in the network.
2 years, 8 months ago
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katina - The Bitcoin lockchain uses a Turing incomplete Script programming language. Bitcoin supports simple multi-signature smart contracts (an action requires digital signatures of several participants), holding funds for a set time, and so on.

The Ethereum blockchain works with smart contracts in the Turing-complete Solidity programming language. Solidity allows you to create more complex algorithms, but such smart contracts are much more difficult to check for vulnerabilities.
2 years, 8 months ago
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kasna - As a rule, a smart contract FREEMOON FINANCE https://freemoon.finance/ automatically launches an action based on an agreement between two users that is supported by the blockchain. This means that when the seller intends to sell BTC, the smart contract will manage the transfers until the BTC is successfully transferred from one person to another. When this happens, the funds will be unlocked and no changes will follow. And all information about the deal will be transferred and stored in a public database.
2 years, 8 months ago
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arazun - The idea of smart contracts was originally introduced by Nick Szabo, a well-known American cryptographer. In 1996, his article on smart contracts was published in Extropy magazine, where he listed the possible advantages and features of the use of blockchain contracts. He then developed this concept in several articles in the following years.
2 years, 8 months ago
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