Where to get smart contract development services?
Smart contracts are digital agreement which is mainly used for good when executing an agreement for services that are highly quantifiable. With a rich data set available, a smart contract can identify when a contract has been completed and when some law or rule has needed to complete the transactions. They’re less effective as agreements for services that involved a significant degree of subjectivity.
Smart contracts can be built on multiple blockchain platforms, including Ethereum and NEO. As Ethereum is the most popular choice for developers, I will tell you about Ethereum’s smart contracts. (Ethereum being the most popular choice is why you’ll often hear the term ‘Ethereum smart contract’ or ‘Ethereum contract’ popping up on the crypto scene.)
Smart contracts are developed using Ethereum’s original coding language, called Solidity.
How smart contract agreement works?
Smart contracts are automatically executed once the conditions of the agreement are met. This means there is no need for a third party, like a bank, a broker or a government.
Decentralized Smart contract
Because of blockchain technology, everyone can able to decentralize smart contracts so that they are fair and trustless. By decentralizing, which means that they are not controlled by one central party (like a bank, broker or government, etc.)
Blockchain-based smart contract:
The blockchain is a shared database run by many computers (called nodes) run on many different computers by single people. Because of this, not one single person or company has control of it.
It means it is near impossible to hack it — the hacker would need to hack more than half of the nodes if they wanted to attack the blockchain or the smart contracts that run on it. Therefore, smart contracts can run safely and automatically without anyone being able to change them!
Want to build own smart contract for your business ??
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