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Smart contracts

От CoinGecko | Актуализирано на Mar 03, 2020
Smart contracts are a relatively new concept due to the impossibilty of a decentralized and unsupervised self executing contract prior to the creation of public blockchains. Unlike traditional contracts that relies on its participant's good faith to act on or enforced by a witness or notary, Smart contracts will execute its predetermined function as soon as its contract conditions are met. Just as cryptocurrencies made counterparty risk obsolete, smart contract removes the risk of contract defaults because it will execute autonomously and transparently.

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Свързани термини

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It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties
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Double mined blocks that are not included in the blockchain.
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
BUIDL
An advice for investors to contribute new projects on blockchain rather than holding cryptocurrencies and waiting for the price to increase
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