I've been hearing a lot about cryptocurrency and smart contracts recently. I understand the basics of cryptocurrencies, but I'm not sure what smart contracts are and how they work within the crypto world. Can someone explain?
7 answers
BlockchainBaronessGuard
Wed Dec 18 2024
This innovative form of contract leverages distributed ledger technology for enhanced security.
EnchantedPulse
Wed Dec 18 2024
A smart contract represents a digital agreement that is securely stored on a blockchain.
CharmedEcho
Tue Dec 17 2024
Despite their irreversibility, smart contracts remain traceable on the blockchain.
CryptoWizardry
Tue Dec 17 2024
The activation of smart contracts occurs automatically upon the completion of specific actions.
Valentina
Tue Dec 17 2024
The introduction of
Bitcoin marked a significant milestone for blockchain technology.