What is a Smart Contract and What is it Used For?

A smart contract is a computer program that controls the transfer of digital assets, often digital currency. Smart contracts are stored on the blockchain like cryptocurrencies. This means a smart contract cannot be altered or lost. A smart contract is like a traditional contract in that they both define rules and penalties of an agreement. But, smart contracts are much more complex and there can be many stipulations for the contract to complete tasks successfully.

Does your organization use smart contracts? What business advantages have you seen? Share your thoughts in the comments below, and be sure to hit that like button.

#SmartContract #Ai #Blockchain

[morgie]

The history of Bitcoin you covered was fascinating!

[EliasGrandinetti]

Thanks for publishing this! Looking for guidance: My Crypto Wallet contains some Tether USDT, and I have the seedphrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way should I proceed with transferring them to Upbit?

[treylogan]

Appreciate it for posting! Looking for help: My TRX Wallet contains some USDT, and I have the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how should I proceed with moving them to Bybit?

[ShermanKuzmish-tl]

Thank you for sharing! Hoping for some guidance: My wallet on OKX has some USDT trx, and I have the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How can I proceed with transferring them to Bybit?

[GuinerveSchlessman]

Thanks for the analysis! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?

[LinoMarzella]

Cheers for sharing! Hoping for some help: My wallet on OKX holds some TRX 20 USDT, and I know the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way can I go about moving them to Kraken?