What exactly does “code is law” mean?
Definition: A smart contract is a piece of code stored on a blockchain. When predefined conditions are met, the network executes it according to the code.
Why it works this way: “Smart” doesn’t mean the contract can think. It means that once the terms are written as code, they can be executed automatically without a third party overseeing them.
Deploying a smart contract on Ethereum requires paying $ETH in Gas. Currently, 2419.35.
Don’t invest with borrowed money; it can affect your judgment and lead you to make bad decisions.
Definition: A smart contract is a piece of code stored on a blockchain. When predefined conditions are met, the network executes it according to the code.
Why it works this way: “Smart” doesn’t mean the contract can think. It means that once the terms are written as code, they can be executed automatically without a third party overseeing them.
Deploying a smart contract on Ethereum requires paying $ETH in Gas. Currently, 2419.35.
Don’t invest with borrowed money; it can affect your judgment and lead you to make bad decisions.