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WHAT SMART CONTRACTS REALLY ARE!!!
A #Web3 #thread
#finance #DeFi #DEX #blockchain.
If you are noobie or enthusiast in the blockchain and cryptocurrency technology world like me😅 and you'd love to be enlightened.
#21daysofwriting
LIKE, RETWEET AND FOLLOW.
A #Web3 #thread
#finance #DeFi #DEX #blockchain.
If you are noobie or enthusiast in the blockchain and cryptocurrency technology world like me😅 and you'd love to be enlightened.
#21daysofwriting
LIKE, RETWEET AND FOLLOW.
So, what are smart contracts???
Smart contracts are self-executed/automatically executed computer programs that run in a decentralised network such as block chain(allowing them to be stored or distributed across chains of database.
Smart contracts are self-executed/automatically executed computer programs that run in a decentralised network such as block chain(allowing them to be stored or distributed across chains of database.
Since they are self-executing, it means they deliver on time and without delays if their codes are properly written.
They are codes written on pre-determined (if/when) condition
For example: "When @ThePaulOla pays 5 #eth to an unknown wallet, he will receive
They are codes written on pre-determined (if/when) condition
For example: "When @ThePaulOla pays 5 #eth to an unknown wallet, he will receive
