Smart Contract Blockchain
DELAWARE, UNITED STATES, October 20, 2022 /EINPresswire.com/ — Smart contracts are digital agreements that allow two or more parties to exchange money, data, or anything of value in a transparent way without the need for a third party. The smart contract is self-executing that requires no human intervention to complete. They are programmed to perform specific tasks when certain conditions are met automatically.
UFUND platform uses smart contracts to manage the fund’s assets, track investments, and create, trade, and distribute tokens on the blockchain.
In simple terms, UFUND’s smart contracts are just codes with conditions and actions for each condition to take if it gets activated. The code is stored on the blockchain, making it immutable and transparent to everyone who has access to the blockchain network.
Here we will discuss how a smart contract blockchain works, its benefits, and the kinds of applications it can use.
What is Smart Contract Blockchain?
Smart contracts are known as computer programs that run on the blockchain. They’re self-executing, meaning that they automatically execute the terms of a contract based on events happening in the real world. Smart contracts can be described as small pieces of code that get deployed to a particular blockchain network and then sit there waiting for someone to trigger…
