Smart contract in simple words – what it is and who needs it from Coding compiler. After 2009, when Satoshi Nakamoto created the first cryptocurrency, users began to perceive the usual ways of financial management in a different way. Later, the creation of Ethereum gave rise to an even more interesting topic for discussion – the potential of smart contracts. Crypto enthusiasts believe that such agreements will change the entire structure of communication and legal regulation of transactions in all spheres of human life.
What Are Smart Contracts And How Does They Work? Smart contracts are at the heart of blockchain technologies. They ensure a decentralized execution of “contracts” and should ensure consistency in the network. Read Smart contracts tutorial from Coding compiler.