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Smart contract: Difference between revisions
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Created page with "A '''smart contract''' (also known as a '''crypto contract''') is a computer program that automatically tracks and ensures the execution of contractual obligations. The contract terms are cryptographically encrypted within the program code. The smart contract independently determines whether these terms have been fulfilled and makes a decision to either initiate a transaction and transfer assets to the parties involved or prohibit the transaction, impose penalties on pa..."
CryptoUser (talk | contribs) (Created page with "A '''smart contract''' (also known as a '''crypto contract''') is a computer program that automatically tracks and ensures the execution of contractual obligations. The contract terms are cryptographically encrypted within the program code. The smart contract independently determines whether these terms have been fulfilled and makes a decision to either initiate a transaction and transfer assets to the parties involved or prohibit the transaction, impose penalties on pa...") |
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