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Author Topic: Please explain me how Etherum contract Works  (Read 270 times)
annie9771
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January 23, 2017, 02:20:33 PM
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I have a concept of a gambling game and its a new game i want to give my this concept a physical shape, i read there about vDice announcement and now since last 2 days i am reading about Etherum Contracts , is there any body how can explain me how to get contract of Etherum and what are basically tokens, and how i can move my this concept of game to next step .Thanks

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Rockie1234
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January 23, 2017, 03:28:35 PM
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Ethereum contracts are essentially pieces of code put together by developers. Getting a contract is just being a developer who writes one for whatever purpose. Every time it is used, the developer earns some sort of fee from the person (I think?)
Tokens are completely different, I think you can make them and then distribute them, assigning a certain value. I'm presuming you want to use tokens for your gambling site? Setting up a traditional bitcoin gambling website is probably better.
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January 23, 2017, 03:46:53 PM
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Smart contract in Ethereum is a piece of code which is stored and executed in the blockchain. They eg have their own accounts. When contract is executed all full nodes run the code.

When you call a contract you must pay a fee and the price depends how much resources the call consumes.

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January 23, 2017, 04:34:48 PM
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Ethereum smart contract
is simple work, youre can create/develop coin use ethereum technology, use token
ethereum token is equal asset in counterparty asset, NXT asset and more

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annie9771
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January 23, 2017, 06:23:06 PM
 #5

Ethereum contracts are essentially pieces of code put together by developers. Getting a contract is just being a developer who writes one for whatever purpose. Every time it is used, the developer earns some sort of fee from the person (I think?)
Tokens are completely different, I think you can make them and then distribute them, assigning a certain value. I'm presuming you want to use tokens for your gambling site? Setting up a traditional bitcoin gambling website is probably better.

Thanks for your reply , if any developer reading this thread he can offer me to work under my team

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