Smart contract?

[Swati Kapoor]

Hello friends, any please tell me about smart contract? 

[1715106139]

1715106139

[1715106139]

1715106139

[1715106139]

1715106139

[bitmover]

Smartcontracts are tamper proof digital agreements. Smartcontracts are run in a decentralized platform, where none of the parts control.

So when you make a smartcontract with someone, it is registered in the blockchain. Once the conditions for the contract are met, it will be automatically executed.

So let's suppose you make a smartcontract with someone. When you transfer 50 shitcoins to the smartcontract address (which is already funded with some Eth), it will automatically transfers you 1 eth.

None of the parts control the smartcontract address, so when you make the 50 shitcoins transfer, the smartcontract will automatically transfer you 1 eth.


There are many other applications, this was just an example.


Ethereum is a blockchain specifically designed to run smartcontracts.

[Swati Kapoor]

Smartcontracts are tamper proof digital agreements. Smartcontracts are run in a decentralized platform, where none of the parts control.

So when you make a smartcontract with someone, it is registered in the blockchain. Once the conditions for the contract are met, it will be automatically executed.

So let's suppose you make a smartcontract with someone. When you transfer 50 shitcoins to the smartcontract address (which is already funded with some Eth), it will automatically transfers you 1 eth.

None of the parts control the smartcontract address, so when you make the 50 shitcoins transfer, the smartcontract will automatically transfer you 1 eth.


There are many other applications, this was just an example.


Ethereum is a blockchain specifically designed to run smartcontracts.

Thank you,

http://dataconomy.com/2018/08/the-missing-piece-of-the-smart-contract-puzzle/

i find some companies, which create reliable smart contract with transparent in their upcoming icos.  Scidex is one of them.

[Joecooper85]

Smart Contract is a term that describes a particular set of protocols that automatically performs the terms and agreements between the parties in the agreement through the support of Blockchain technology. All Smart Contract activities are performed automatically and without interference from outside, or through an intermediary third party. Transactions performed by transparent contracts are transparent, easily accessible and can not be intercepted or reversed. Terms in Smart Contract are equivalent to a legal contract and are recorded under the programming language.

[madnessteat]

About smart contracts I advise you to read here: https://en.m.wikipedia.org/wiki/Smart_contract
Why create a topic if the answer to this question can be found in Google?

[vphasitha01]

Hello friends, any please tell me about smart contract? 

I think this SMART CONTRACTS, simply explained... thread that I created will help you.

[TiffanyYoung94]

Does anyone in this forum can guide me how to create a smartcontract?

[bitmover]

Does anyone in this forum can guide me how to create a smartcontract?

The best way is to learn the program language Solidity

There are many courses online available in the internet
Just google for it

There are some nice ones in udemy

[cokroalif]

smart contract can be analogous to a kiosk machine (ATM, vending machine) which has a specific function, works automatically, is isolated, and requires input (money) to be able to perform certain functions. A smart contract at a glance is no different from programs made with other programming languages, and it is true, because the difference is in the execution environment

[wvizmanos]

I find it odd that someone doesn't know what a smart contract means for someone who has more than 100 activities already. it's interesting to browse at your posts but I'd rather not.

[LbtalkL]

For me smart contracts is a set of codes and configurations on what do you want your token will function, once this smart contract is launch on the ethereum mainnet no one can edit or fix its error Only a token swap is the solution. That's why if you want to practice you need to use test networks like Ropsten or Rinkeby. If you go to etherscan and look into the contract address of a token you will find the smart contract.

[Velkro]

Ethereum is a blockchain specifically designed to run smartcontracts.

Ethetreum is very experimental network, there are reasons why they allow smartcontranct and bitcoin isn't. Its not safe and complicated code making risk of many bugs which are dangerous to whole network. There was already so many failures in Ethereum where creator must have intervenied which caused discruption to whole decentralized and no 3rd party thing.

I wouldn't use smart contract yet, still not developed good enough. In future maybe. Watch out.

[Anuntl]

A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible.

[Intrachain]

To understand what smart contracts are, I can highly recommend to read the article by IBM below. It's easy to follow 

You can find the article here: https://www.ibm.com/blogs/blockchain/2018/07/what-are-smart-contracts-on-blockchain/

I hope it's helpful for you!

[Zulfiyan]

I also don't know, so i find answers in here, 😂
Thanks for your question so i get answer

[Charlessui23]

A smart contract is a term that describes a particular set of protocols that automatically performs the terms and agreements between contract parties (in this case computer systems) with support. of Blockchain technology. All Smart Contract activities are performed automatically and without interference from outside, or through an intermediary third party. Transactions performed by transparent contracts are transparent, easily accessible and can not be intercepted or reversed. Terms in Smart Contract are equivalent to a legal contract and are recorded under the programming language. The most prominent feature of the Smart Contract is that it allows the two parties to execute the contract accurately, safely and quickly. There is no need to meet face to face with each other, or a third party with just an Internet connection. You can find out more about smart contracts through forums and websites that talk about it.

[FactAlways]

Does anyone in this forum can guide me how to create a smartcontract?

The best way is to learn the program language Solidity

There are many courses online available in the internet
Just google for it
I will try udemy now, I have tried to use, bitdegree I did not get enough knowledge
There are some nice ones in udemy

[zina75]

Hello friends, any please tell me about smart contract? 

Smart contracts have been one of the biggest terms used in crypto currency. What is a smart contract? The term smart contract is used for software code or a protocol that is used to contribute to, verify or implement the negotiation or performance of a contract. Smart contracts enable the performance of credible transactions without third parties, can be automatically initiated and are fully programmable. Smart contracts enable people to adopt and use or create Dapps or ICO’s.

[Aeny France]

Hello friends, any please tell me about smart contract? 

A smart contract, otherwise called a cryptocontract , is a PC program that straightforwardly controls the exchange of computerized monetary forms or resources between gatherings under specific conditions. A smart contract not just characterizes the principles and punishments identified with an assention similarly that a customary contract does, however it can likewise naturally implement those commitments.

What smart contracts do?

Smart contracts are intricate, and their potential goes past the basic exchange of advantages - they can execute exchanges in a wide scope of fields, from lawful procedures to protection premiums to swarm subsidizing understandings to money related subsidiaries. Smart contracts can possibly disintermediate the legitimate and budgetary fields; specifically, by improving and robotizing standard and redundant procedures for which individuals at present pay attorneys and banks sizable expenses.

If you want to create a smart contract, get a free consultation here>>

[romelitounknown]

You can use smart contracts for all sort of situations that range from financial derivatives to insurance premiums, breach contracts, property law, credit enforcement, financial services, legal processes and crowdfunding agreements.