The Complete Know-how of Smart Contract Development
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Ethereum has garnered a name in the market which no other cryptocurrency has been able to capture. The Ethereum platform is directly responsible for the exponential growth of smart contract development, and it’s amazing uses. The smart contract has many uses that are exciting and practical uses. A smart contract in layman terms is a pre-specified set of instructions to be followed on the blockchain.
Here’s an example to understand Smart contract better; suppose there’s a transaction that’s about to take place on the blockchain, smart contracts come into play as soon as the specified conditions are met. Let’s take the instance of a real estate deal about to happen on Ethereum blockchain with ERC20 tokens.
The sender and receiver can specify certain conditions for the transactions to take place and other details. Smart contracts ensure that seamless transactions take place without any human intervention and with 100% accuracy in accordance to of the pre-defined instructions.
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