Overview#

Smart contracts are protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary.

Smart contracts usually also have a user interface and often emulate the logic of contractual clauses.

Proponents of Smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both.

Smart contracts aim to provide security superior to traditional contract law and to reduce other transaction costs associated with contracting.

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« This page (revision-2) was last changed on 31-Jul-2016 09:31 by jim