What is smart contract in blockchain

what is smart contract in blockchain

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Once completed, the transactions are.

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What Is a Smart Contract? Crypto Smart Contracts On Blockchain Explained
Smart contracts are scripts on a blockchain programs that execute the terms of a contract between buyer and seller. A smart contract is a sort of program that encodes business logic and operates on a dedicated virtual machine embedded in a blockchain or other. Smart contracts are tamper-proof programs run on blockchains like Ethereum with predefined logic. Learn how they work and popular use cases.
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  • what is smart contract in blockchain
    account_circle Malak
    calendar_month 14.04.2020
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    calendar_month 17.04.2020
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    calendar_month 18.04.2020
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When working with smart contracts, one should remember the following best practices:. It automates the actions that would otherwise be completed by the parties in the agreement, which removes the need for both parties to trust each other. Using cryptocurrencies and smart contracts, DeFi apps can offer financial services without an intermediary. Something went wrong while submitting the form. VitaDAO is an example of this type of smart contract, where the technology powers a community for scientific research.