Smart Contracts (FREE BONUS INCLUDED)
The Ultimate Guide To Blockchain Smart Contracts - Learn How To Use Smart Contracts For Cryptocurrency Exchange!
The basic concept behind a smart contract is that you can use a piece of computer code to provide a response depending upon the answer to an initial question.
For example, if you wish to withdraw funds from you bank you would start with a visit to the cash machine. The cash machine asks itself if there are funds available in your account and, if the answer is yes dispatches your money; if it is no then you will not receive any funds.
This simple question and answer is a smart contract; the computer is programmed to complete the exercise every time it is needed to; the remainder of the time it is simply dormant in its files waiting to be used.
Unfortunately, it is not possible to change the code; whether it operating properly or not. This can give rise to issues if the code can be disrupted during is verification process.
Although there are plenty of reasons why smart contracts are not yet mainstream items; there is every indication that they will be in the near future.
Here is a preview of what you'll learn:
- What a smart contract actually is
- Block chains and their relation to smart contracts
- Crypto Currency Exchange and its connection to smart contracts and block chains
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