What Is Smart Contract
Q
What Is Smart Contract?
✍: FYIcenter.com
A
Smart Contract was originally introduced by Nick Szabo
to digitally facilitate, verify, or enforce the negotiation or
performance of a contract between parties.
Today, smart contract is used to represent any executable code deployed in a distributed ledger application.
The diagram below shows you how a smart contract
is used to automatically match a buyer and a seller
for a house. The smart contract can actually continue
to complete the entire process of selling a house
automatically in a real estate distributed ledger using
digital currencies.
2022-02-19, ∼2029🔥, 0💬
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