What is a smart contract?

smart contract  With their powerful programmable logic, smart contracts have the power to transform many industries Here are 5 examples from Finance, Smart contracts do not need brokers or other intermediaries to confirm the agreement; thus, they eliminate the risk of manipulation by third parties Moreover,

A smart contract is a special kind of program that encodes business logic that runs on a special-purpose virtual machine baked into a blockchain or other type Smart contracts are digital contracts stored on a blockchain that are automatically executed when predetermined terms and conditions are met

Smart Contract แปลตรงตัวเลยก็คือสัญญาอัจฉริยะ หลายคนคงสงสัยว่าแล้วมันอัจฉริยะยังไง? สัญญานี้เกิดจากการเขียนโค้ดคอมพิวเตอร์ที่ระบุเงื่อนไขสัญญาให้มีผลต่อเมื่อมีเหตุการณ์เกิดขึ้นตามที่ Immutable contracts written in code Ethereum smart contracts are self-enforceable, immutable contracts written in computer code They are autonomous, accurate