๐๐ก๐๐ญ ๐ข๐ ๐๐ง ๐๐ ๐ซ๐๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฎ๐ฅ๐ ๐๐ง๐๐จ๐ซ๐๐ ๐ข๐ญ๐ฌ๐๐ฅ๐, ๐ฐ๐ข๐ญ๐ก ๐ง๐จ ๐ฆ๐ข๐๐๐ฅ๐๐ฆ๐๐ง ๐๐ง๐ ๐ง๐จ ๐ฐ๐๐ข๐ญ๐ข๐ง๐ ? ๐๐ง๐ญ๐๐ซ ๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ง๐ญ๐ซ๐๐๐ญ๐ฌ ๐ค๐
๐ท๐๐๐ค๐๐๐ ๐๐๐๐ ๐๐๐ข๐๐๐๐ก๐๐๐๐๐ ๐๐๐ ๐ ๐๐๐ ๐๐ #BinanceAcademy, โ๐๐๐ ๐๐ ๐ฆ๐๐ข๐ ๐๐ข๐๐๐ ๐๐๐๐๐ก ๐ถ๐๐๐ก๐๐๐๐ก๐ ๐๐๐๐๐๐๐๐ค๐:
1๏ธโฃ ๐๐จ๐๐ ๐๐ก๐๐ญ ๐๐๐๐ฉ๐ฌ ๐๐ญ๐ฌ ๐๐จ๐ซ๐:
โข A smart contract is a self-executing program stored on a blockchain, it carries out an agreement's terms automatically once preset conditions are met, much like a vending machine.
2๏ธโฃ ๐ ๐ซ๐จ๐ฆ ๐๐ ๐ซ๐๐๐ฆ๐๐ง๐ญ ๐๐จ ๐๐ฑ๐๐๐ฎ๐ญ๐ข๐จ๐ง:
โข Terms are written in code such as Solidity or Rust, deployed to the chain with a gas fee, then triggered by a transaction, a time condition or an oracle feed, with the result recorded on-chain.
3๏ธโฃ ๐๐ก๐ ๐๐ง๐ ๐ข๐ง๐ ๐๐๐ก๐ข๐ง๐ ๐๐๐๐:
โข Smart contracts power most blockchain apps, including decentralized exchanges (DEXs), NFT marketplaces and DAOs.
โ ๏ธ ๐๐ข๐ฌ๐ค ๐๐จ๐ญ๐:
On most networks deployed code can't be changed, so a bug can stay forever, a wrong oracle price can trigger the wrong outcome, and audits help reduce that risk without removing it.
I love how code can replace trust in a middleman, just make sure the code itself has earned yours ๐
๐ Learn more on Binance Academy: https://www.binance.com/en/academy/articles/what-are-smart-contracts
Crypto involves risk, this is not financial advice, always DYOR ๐ก
#SmartContracts #Web3 #DeFi
Follow me for more ๐
๐ท๐๐๐ค๐๐๐ ๐๐๐๐ ๐๐๐ข๐๐๐๐ก๐๐๐๐๐ ๐๐๐ ๐ ๐๐๐ ๐๐ #BinanceAcademy, โ๐๐๐ ๐๐ ๐ฆ๐๐ข๐ ๐๐ข๐๐๐ ๐๐๐๐๐ก ๐ถ๐๐๐ก๐๐๐๐ก๐ ๐๐๐๐๐๐๐๐ค๐:
1๏ธโฃ ๐๐จ๐๐ ๐๐ก๐๐ญ ๐๐๐๐ฉ๐ฌ ๐๐ญ๐ฌ ๐๐จ๐ซ๐:
โข A smart contract is a self-executing program stored on a blockchain, it carries out an agreement's terms automatically once preset conditions are met, much like a vending machine.
2๏ธโฃ ๐ ๐ซ๐จ๐ฆ ๐๐ ๐ซ๐๐๐ฆ๐๐ง๐ญ ๐๐จ ๐๐ฑ๐๐๐ฎ๐ญ๐ข๐จ๐ง:
โข Terms are written in code such as Solidity or Rust, deployed to the chain with a gas fee, then triggered by a transaction, a time condition or an oracle feed, with the result recorded on-chain.
3๏ธโฃ ๐๐ก๐ ๐๐ง๐ ๐ข๐ง๐ ๐๐๐ก๐ข๐ง๐ ๐๐๐๐:
โข Smart contracts power most blockchain apps, including decentralized exchanges (DEXs), NFT marketplaces and DAOs.
โ ๏ธ ๐๐ข๐ฌ๐ค ๐๐จ๐ญ๐:
On most networks deployed code can't be changed, so a bug can stay forever, a wrong oracle price can trigger the wrong outcome, and audits help reduce that risk without removing it.
I love how code can replace trust in a middleman, just make sure the code itself has earned yours ๐
๐ Learn more on Binance Academy: https://www.binance.com/en/academy/articles/what-are-smart-contracts
Crypto involves risk, this is not financial advice, always DYOR ๐ก
#SmartContracts #Web3 #DeFi
Follow me for more ๐
