We have briefly introduced the three most popular cryptocurrencies in the market over the past few weeks. Therefore, we will bring a new topic and talk about Smart Contract today.
Smart Contract helps us to exchange almost everything, including money, property and shares, in a transparent, conflict-free way while avoiding the services of a middleman. The contract between the parties will be written as code in the blockchain. Even though the identities of the people are kept anonymous, the contract will be a public ledger. Only certain events are triggered, such as, an expiration date and strike price is hit, the contract will execute according to the coded terms. Regulars can utilise the blockchain technology to understand the activity.
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