Comprehensive Explanation Of A Smart Contract #Smartcontract #Bitcoin #coin #Agreement #Cryto #Token
5 months ago
Wrapped Bitcoin
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A smart contract is a computer program that runs on the blockchain and contains the terms of an agreement between two or more parties. It's kind of like a "if this, then that" statement. The terms of the contract are written in code, and the contract is stored on the blockchain. When the conditions of the contract are met, the contract executes automatically. For example, if you rent a car, you could use a smart contract to automatically transfer the rental fee to the car rental company when you return the car. Or you could use a smart contract to send payment to a contractor when they finish a job.
#Smartcontract #Token #coin #crypto #blockchain