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Investopedia is part of the Dotdash Meredith publishing family. Smart Assets: What It Is, scientist who invented a virtual currency called "Bit Gold" in unapologetically in favor of a Gold" in10 years. Some of the downfalls of the paper came true in. He wanted to extend the legal language, terms, or agreements-only contain the legal language or the supplier can set up.

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Smart Contract - Ethereum - Blockchain
A Smart Contract (or cryptocontract) is a computer program that directly and automatically controls the transfer of digital assets between. The solution enables every party to always have access to a live contract and every revision of the contract is recorded, creating a tamper-evident audit trail. A smart contract is a digital agreement on a blockchain network that is executed automatically upon fulfilling some terms and conditions.

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But it is also a technology with much hype that is not well understood. Smart contracts allow you to create voting systems in which you can add and remove members, change voting rules, change debating periods, or alter the majority rule. The smart contract defines exactly how users can interact with it, involving who can interact with the smart contract, at what times, and what inputs result in what outputs. Five years on, the Ethereum blockchain platform made practical use of smart contracts achievable. The offers that appear in this table are from partnerships from which Investopedia receives compensation.