🛑What is a Smart Contract?
🔘A smart contract is a computer algorithm that controls the completion of a transaction.
🔘It is entered into the blockchain and remembered forever.
🔘The conditions are the same for everyone and cannot be changed or deleted by anyone.
🔘A smart contract makes financial transactions automatically, without human intervention, according to conditions written in advance.
🟢Example 1.
🔘You and a friend bet on the outcome of a football match.
🔘You make bets in the blockchain in the form of transactions, which are stored there until the end of the game.
🔘When the match ends, the smart contract automatically checks its outcome on one of the sports sites and transfers all the money to the winner.
🟢Example 2.
🔘You ordered a product through an online store.
🔘Payment for the goods is recorded on the blockchain, and only after confirmation by the courier that the goods have been delivered, the money goes to the owner.
🔘Nobody will deceive anyone, everyone sees the code of the smart contract and understands that it works exactly as it is written in it.
🔘A smart contract is not a person, it will not lie and will not hide with money.
🔘Data is encrypted and distributed on the blockchain and duplicated many times, it cannot be changed or deleted.
🔘A verified smart contract will work as long as the Ethereum blockchain exists.
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THE FASTEST AND SIMPLE SMART CONTRACT
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🛑Sponsor link: https://portal.openalexa.io/auth?id=62406
🛑Presentation Link⤵️:🌐https://portal.openalexa.io/assets/pdfs/presentation-3.pdf
🟢 More information on the Business Side and Presentation: ⬇️