How Smart Contracts Using Blockchain Really Work

A smart contract is a piece of code that works with a blockchain to enforce the terms of a particular contractual agreement. They allow trusted transactions to take place between anonymous parties, thereby creating a transaction record that’s transparent, traceable, and irreversible—all the while eliminating the need for third-party middlemen. Sounds great!

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BING SEARCH:
  • What Are Smart Contracts on Blockchain? | IBM
    Smart contracts are digital contracts stored on a blockchain that are automatically executed when predetermined terms and conditions are met. Smart contracts are typically 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.
    03/26/2024 - 3:15 pm | View Website
  • What Are Smart Contracts in Blockchain? | Chainlink
    / What Are Smart Contracts and How Do They Work? Last Updated Date: November 29, 2023. Smart Contracts Definition. A smart contract is a decentralized computer program running on a blockchain network that automatically and deterministically executes agreements based on predefined conditions.
    03/26/2024 - 2:32 pm | View Website
  • Introduction to smart contracts | ethereum.org
    What is a smart contract? A "smart contract" is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain. Smart contracts are a type of Ethereum account.
    03/26/2024 - 7:08 am | View Website
  • What Are Smart Contracts and How Do They Work?
    What Are Smart Contracts and How Do They Work? - Decrypt. $65,818.00. 0.79% Ethereum. $3,385.18. -0.58% BNB. $563.55. 0.36% Solana. $176.38. 0.25% XRP. $0.630907. 0.30% Lido Staked Ether. $3,381.66. -0.48% USDC. $1.00. 0.04% Dogecoin. $0.173738. 1.59% Cardano. $0.633676. 0.22% Avalanche. $53.80. -2.11% Toncoin. $4.94. -2.15% Shiba Inu. $0.00002777.
    03/26/2024 - 7:01 am | View Website
  • Smart Contracts in Blockchain: An Overview | Built In
    A smart contract is a program that automatically executes an agreement between parties based on rules written into a blockchain. Smart contracts can save businesses time and money by processing transactions more efficiently, transparently, and anonymously.
    03/26/2024 - 6:04 am | View Website
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