Cryptocurrency Q&A
What is a smart contract in blockchain?
What is a smart contract in blockchain?
Sun Jan 12 2025
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5 answers
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A smart contract in blockchain is a self-executing program stored on the blockchain. It automatically performs actions when specific conditions are met, without the need for intermediate intervention. These contracts are trackable and irreversible, ensuring transparency and security in transactions.
5 answers
Tue Jan 14 2025
The T&C within a smart contract are meticulously written in programming languages tailored for blockchain technology.
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Tue Jan 14 2025
A smart contract represents a revolutionary concept in digital agreements.
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Tue Jan 14 2025
It is essentially an agreement that is signed and securely stored on a blockchain network.
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Tue Jan 14 2025
The unique aspect of a smart contract is its ability to execute automatically. This automation occurs once the specified terms and conditions (T&C) of the contract are fulfilled.
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Mon Jan 13 2025
One such programming language frequently used is Solidity. It allows for the precise and secure formulation of contract terms.
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