2025-02-06 14:08
IndustryHow smart contracts work
smart contracts are self executing agreements stored on a blockchain they automatically execute actions when predefined conditions are meet,removing the need for intermediary’s
HOW THEY WORK
1 ..Code is written,terms are programmed using languages like solidity
2 .. Deployed on block chain ,once deployed it becomes tamper proof
same contracts power Defi, NFTs,DAOs and automation in crypt tech
#firstdealofthenewyearast
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How smart contracts work
Nigeria | 2025-02-06 14:08smart contracts are self executing agreements stored on a blockchain they automatically execute actions when predefined conditions are meet,removing the need for intermediary’s
HOW THEY WORK
1 ..Code is written,terms are programmed using languages like solidity
2 .. Deployed on block chain ,once deployed it becomes tamper proof
same contracts power Defi, NFTs,DAOs and automation in crypt tech
#firstdealofthenewyearast
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