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.
What Is Smart Contract

 

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2019-04-20, 218👍, 0💬