Blockchain Development

Smart Contract Blockchain and DApp Development

What is a Smart Contract?

A smart contract is a computer algorithm designed to facilitate and execute the terms of a commercial agreement between the two parties. It runs on a decentralized blockchain platform, and its security and workability are ensured by consensus algorithms, without the need of any central authority. These transactions are trackable and irreversible.

Smart Contracts can solve several problems in traditional technology, business, and finance, such as high transaction costs, redundant transactions times, need for intermediaries and centralized authority, tedious product traceability, weak information security, and digital identity stored in corruptible and precarious manner.

What is a Smart Contract?

A smart contract is a computer algorithm designed to facilitate and execute the terms of a commercial agreement between the two parties. It runs on a decentralized blockchain platform, and its security and workability are ensured by consensus algorithms, without the need of any central authority. These transactions are trackable and irreversible.

Smart Contracts can solve several problems in traditional technology, business, and finance, such as high transaction costs, redundant transactions times, need for intermediaries and centralized authority, tedious product traceability, weak information security, and digital identity stored in corruptible and precarious manner.

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