Benefits Of Smart Contracts
Smart contracts are self-executing contracts containing the conditions of an arrangement amongst peers. The smart contract executes on the Ethereum blockchain's decentralized platform. The contracts help with the exchange of money, shares, residential or commercial property, or any asset. Because the 2015 launch of the Ethereum blockchain, the term "smart contract" has been more specifically used toward the idea of general function computation that takes place on a blockchain or dispersed ledger. https://vimeopro.com/beessocial/blockchain-smart-contracts/video/552041011 Subscribe to BEES.Social on Youtube https://www.youtube.com/c/BeesSocialTV/playlists Thus, the smart contract transaction can be submitted to any node on the blockchain, which transmits it to the whole network so that all the nodes will see the transaction. Using a blockchain network, we can turn these agreements into executable programs-- known in the industry as smart contracts-- to open up a variety of ...