Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Devendra Sri on February 18, 2022, 08:00:10 AM
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Smart Contract, like any other contract, states the terms or guidelines of the contract. The concept of "Smart Contracts" dates back to the early twentieth century, before cryptocurrency was invented. If you're reading this, you're probably already familiar with the term "Ethereum," as it was the second cryptocurrency introduced after Bitcoin. It is the same in both cases. Blockchain technologies are used by Bitcoin and Ethereum.
What is a Smart Contract? (https://medium.com/buyucoin-talks/what-is-a-smart-contract-and-how-does-it-work-9a040ca8f5d2)
Smart contracts are electronic contracts that can be programmed to include guidelines and agreements between buyers and sellers that are carried out when all requirements are met.
Consider the following scenario: you want to buy a car from a friend or acquaintance. The process appears to be an endless nightmare, with legalities and ownership transfers involving a slew of inconvenient intermediaries. If we incorporate smart contracts into the framework, ownership will be transferred immediately once the funds are transferred. Because it is not dependent on mediators, it can significantly reduce the time required.
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Because the metaverse is starting to make a lot of noise and many institutions are already joining, I'm interested in initiatives like metaverseME that make it simple to build Nfts.
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My favorite crypto project right now is PARAGEN, which has a complex launchpad that spans BNB, SOL, AVAX, and MATIC, opening the path for the next crypto gems to emerge.
Paragen's IDO phases were sold out, and the company was recently listed on CMC and pancakeswap. Positive signals are already glistening around the project, and particularly fascinating are already listed on the launchpad, indicating that the ecosystem has grown really quickly thus far.
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Bitbrawlio is unique in that you can use own brawlers or, if you have a #MFT from a partnered project, you can also use their NFTs as playable skins!
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Great description of how to invest in blockchain technology. For example, I prefer web3 over others, and it is widely used. I've been considering investing in $ULAB for a long since I have high hopes for Unilab.
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Basically, a smart contract enforces the terms of a contract with a cryptographic code (a standard contract space that needs to be browsed to find the best terms). The easiest way to explain the difference is to compare it to a vending machine. Smart contract (towards shop assistant) (standard contract).
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so smart contract is like direct purchase
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Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.
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Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.