What Is a smart contract? NFT smart contract, Cardano smart contracts, Ethereum smart contract explained. How to create smart contract? Smart contract blockchain tutorial
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A smart contract is a self-executing or automatic contract. The contract’s terms are embedded into a computer code, and once it’s been created, no one can alter it. To put it another way, smart contracts are digitized terms and conditions of crypto-based transactions that confirm fulfillment automatically and execute the contract’s terms instinctively.
Links Mentioned
Etherscan – https://etherscan.io/
Research by Stuart D. Levi & Alex B. Lipton – https://corpgov.law.harvard.edu/2018/05/26/an-introduction-to-smart-contracts-and-their-potential-and-inherent-limitations/
Timestamps:
00:00 Smart contracts
00:42 Why smart contracts?
01:19 What is a smart contract?
02:00 Types of smart contracts
02:57 Traditional contract vs smart contract
04:37 Challenges with smart contracts
05:16 How to read smart contracts
07:08 Legal status of smart contracts
07:38 Final thoughts
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