Everything About Smart Contract - News, Opinion & Analysis

Smart Contract

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A smart contract is a self-executing digital contract enforced by the terms of an agreement that are written into lines of code. When a smart contract’s predefined rules are met, the agreement is automatically enforced and the contract is executed.

The term “smart contract” was first proposed by Nick Szabo in 1994. Szabo defined smart contracts as computerized transaction protocols that execute terms of a contract. He envisioned smart contracts to revolutionize financial transactions by bringing them to the digital realm. With the advent of cryptocurrencies and blockchain technology, Szabo’s vision is being fulfilled as smart contracts are being implemented on blockchain or distributed ledger technology. 

Smart contracts enable credible transactions to be executed without third parties and are thus superior to traditional contract law and reduces the transaction costs associated with contracting. They allow anything of value to be transacted in a transparent, trustless, and conflict free way without a middleman. Therefore, smart contracts have the potential to disrupt and revolutionize a number of industries with their numerous use cases.

Such use cases include and are not limited to; banking and financial services, prediction markets, insurance, digital identity, real estate and land titles recording, authorship and intellectual property rights, the internet of things (IoT), tax records, and more.  

Smart contract technology is being implemented on a multitude of cryptocurrencies and blockchain protocols that enable developers to write their own programs and smart contracts. Ethereum is the most notable blockchain protocol enabling smart contracts and others include EOS, Cardano, NEO, Hyperledger, NEM, Tron, and the list goes on. 

A guide to Smart Contracts

26 May 2020 4 minute read 4 comments Ruma

We all have heard the term Smart Contract. When Satoshi invented Blockchain, it was meant to perform transactions only. Ethereum smart contracts made it the prime choice to build Dapps over it. Smart contract enhanced Ethereum’s functionality and mak...

Top 4 Dapp Smart Contract On Tron Network (Tron Wallet, Tron Link, Tron pay)

26 May 2020 1 minute read 0 comments Dominus1

There are many Dapps out there eversince the introduction of Blockchain Technology. Every Dapp has it function, some are for surfing, some for trading, some are into smart contracts, exchange, Games, Betting etc. Today I want to talk about my top 4...

Eco Smart, an investment within everyone's reach

23 May 2020 5 minute read 8 comments ChrissCrypto

When do you think is the best time to invest in Cryptocurrencies? Ten years ago? Two years ago? Yesterday? Today? Tomorrow? Everything that happened before yesterday is too late, everything that will happen from tomorrow is still unknown! So the best...

How to start the XOXO smart contract, step by step.

21 May 2020 4 minute read 0 comments Rearden

XOXO is a Smart Contract, that has been launched on May 21st, which allows the automatic redistribution of ETH transactions between members. The program works with a Powerline: registration of the members one after the other according to the payment...

How to Generate Random Numbers on Ethereum Using VRF

20 May 2020 7 minute read 0 comments alexroan

How Chainlink Solved Ethereum’s “Random Problem” Random numbers and Blockchains have always been in disagreement. Until now, a verifiably random function has never existed on the Blockchain. The problem stems from the fact that when transactions are...

Eco Smart - Investment Opportunity

20 May 2020 2 minute read 6 comments ChrissCrypto

Hello everyone! In my previous article I introduce you to Eco Smart Contract and I unveil this business opportunity. Nowadays, with the emergence of Cryptocurrencies, a new trend has become popular: investment opportunities have opened up to a large...

ETH SHORT Term Price Prediction

17 May 2020 1 minute read 0 comments skyislimit

Let see what we said about ETH last time"Weakness is still there for ETH  and still lack of interest. Resistance stays at $213 to $215  and depending on BTC price if come down then support is $210. At the moment sideways and keep this way at least un...

Ethereum vs Other Smart Contract Platforms

15 May 2020 3 minute read 0 comments reedyzzx

Ethereum is the most popular smart contract platform out there and it’s been used for a wide range of use cases - from DeFi applications to DEXs. Compared to many other altcoins, it looks like Ethereum has a huge advantage due to its active communit...

Forsage: Ethereum Smart Contract Matrix Marketing earning opportunity

14 May 2020 4 minute read 0 comments SylarHeisenberg

Forsage is a secure, scam free earning opportunity protected by an Ethereum Smart Contract. You are automatically paid by the smart contract into your own crypto wallet. Forsage Introduction   The 6 Key Points Small Starting Capital - You Can Get...

Ethereum DApps: How to Listen for Events

12 May 2020 2 minute read 4 comments alexroan

3 steps to subscribe to smart-contract events Prerequisite: Knowledge of Node.js and a basic understanding of blockchain and Ethereum smart contracts One of the biggest issues with decentralised applications (DApps) is user experience. DApps can be c...