Author Topic: What is smart contract? (Read 1950 times)

Crestie C. Tuvilla · « **on:** May 22, 2018, 04:30:22 PM »

Is just a phrase used to describe computer code than can facilitate the exchange of money, content,property, shares or anything of value.

Altcoins Talks - Cryptocurrency Forum · « **on:** May 22, 2018, 04:30:22 PM »

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rapheal · « **Reply #1 on:** August 08, 2018, 12:31:31 PM »

A smart contract, also known as acryptocontract , is a computer program that directly controls the transfer of digital currencies or assets between parties under certain conditions.

Ransow · « **Reply #2 on:** August 09, 2018, 09:17:34 AM »

Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible.The aim of smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting.

Stgeorge · « **Reply #3 on:** November 23, 2018, 07:55:17 AM »

A smart contract is basically a program that uses computer code to execute a transaction based on the conditions with in the contract.However the beauty of a smart contract is that they don't require any outside or third Party to control transactions.This has an obvious cost and speed advantage.