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SMART CONTRACTS

Smart contracts are distributed, tamper-proof, automated contracts governed by a set of programmed rules that execute when certain criteria have been met. They are contracts that are governed by the rule of code rather than the rule of law.

Technology

What are Smart Contracts and Why are They Important?

Since the lack of transparency puts the security of any transaction in jeopardy, this as now a problem of grave concern, so how do smart contracts solve these problems?

Alo Kingsley

Nov 02, 2019

| 4 Min Read

#SMART CONTRACTS #BLOCKCHAIN #TECHNOLOGY

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