What is a smart contract ethereum?

Updated on December 21, 2018 in ethereum
0 on December 21, 2018

A Smart Contract is a type of digital contract made on a blockchain network. The Ethereum Smart Contract became very known because of its unlimited processing capability.

Basically, the contract is smart because once it is done it becomes automated and there’s no need for human intervention. They contain codes and functions that allow them to make decisions and even interact with other contracts, ensuring all the parties that are in the contract adhere to the terms settled.

 
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