Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Bobcrypto on May 29, 2018, 10:36:22 PM

Title: How can we explain a smart contracts and traditional contracts?
Post by: Bobcrypto on May 29, 2018, 10:36:22 PM

It obvious that one of the best things about the blockchain  is that, because it is a decentralized system that exists between all permitted parties, there’s no need to pay intermediaries (Middlemen) and it saves you time and conflict. Beside this explanation, what better ways can i explain a smart contract and the traditional contracts to a layman understanding? Please share you thoughts

Title: Re: How can we explain a smart contracts and traditional contracts?
Post by: Friendlyhorse on June 05, 2018, 01:17:50 PM

Good question but very difficult to reply to it. You need to be technical to explain and you need to be technical to understand, otherwise all you need to know is that smart contract - cool new technology.

Title: Re: How can we explain a smart contracts and traditional contracts?
Post by: comer on June 05, 2018, 02:36:10 PM

smart contracts are programs that execute exactly as they are set up to by their creators.. this programs allows people to send and receive cryptocurrency, it binds all coin that attach to the contract.

Title: Re: How can we explain a smart contracts and traditional contracts?
Post by: carcas on June 05, 2018, 06:09:45 PM

the introduction of smart contracts needs to be done such as socialization in companies or markets to introduce the importance of smart contracts in every transaction.