BLOCKCHAIN DEVELOPMENT
Blockchain development refers to building, maintaining, and #designing #blockchain #applications and #systems. Overall, it seeks to use the unique features of #blockchaintechnology to solve problems and create opportunities.
An example of innovative #blockchaindevelopment is the SMART CONTRACT.
WHAT IS A SMART CONTRACT?:
Smart contracts are documented #agreements between two parties, just like regular contracts. Unlike ordinary contracts, however, #smartcontracts are also #programs stored on a blockchain.
These programs have pre-defined results that are triggered only when the previously defined terms and conditions are satisfied. This #automated compliance coupled with the #decentralization of Blockchain ensures the execution of pre-defined actions in a timely manner in an independent way (without the need for 3rd party surveillance)
Blockchain development refers to building, maintaining, and #designing #blockchain #applications and #systems. Overall, it seeks to use the unique features of #blockchaintechnology to solve problems and create opportunities.
An example of innovative #blockchaindevelopment is the SMART CONTRACT.
WHAT IS A SMART CONTRACT?:
Smart contracts are documented #agreements between two parties, just like regular contracts. Unlike ordinary contracts, however, #smartcontracts are also #programs stored on a blockchain.
These programs have pre-defined results that are triggered only when the previously defined terms and conditions are satisfied. This #automated compliance coupled with the #decentralization of Blockchain ensures the execution of pre-defined actions in a timely manner in an independent way (without the need for 3rd party surveillance)
👍1