What exactly is a smart contract? Don’t worry, here’s the class rep’s summary:
A smart contract is a piece of code stored on a blockchain. When predefined conditions are met, nodes across the network execute it according to the rules.
“Smart” doesn’t mean the contract can think. It means that once its terms are written as code, they can execute automatically, without an intermediary to enforce them.
Me before: Place the order first, read the details later. Me now: Understand the rules first.
$ETH 2431.07（+6.05%）
#ETH
A smart contract is a piece of code stored on a blockchain. When predefined conditions are met, nodes across the network execute it according to the rules.
“Smart” doesn’t mean the contract can think. It means that once its terms are written as code, they can execute automatically, without an intermediary to enforce them.
Me before: Place the order first, read the details later. Me now: Understand the rules first.
$ETH 2431.07（+6.05%）
#ETH