📃 Unique Smart Contract Information

a study of Smart Contracts — Stuart

Smart contracts are those that are defined by “if-then” statements. By using a smart contract, you can execute an action automatically if a set of conditions are met. The most common use for smart contracts is to define the terms of a financial agreement, for instance, who will get paid when, and how much. The advantage of smart contracts is that they are enforceable — if you define your agreement in a smart contract, it cannot be violated.