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Smart contracts
Smart contracts

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!!! Overview
[{$pagename}] are [protocols] that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary.
[{$pagename}] usually also have a user interface and often emulate the logic of contractual clauses.
Proponents of [{$pagename}] claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both.
[{$pagename}] aim to provide security superior to traditional [contract] [law] and to reduce other transaction costs associated with contracting.
One real-world [{$pagename}] that gained mainstream coverage was The [DAO], a [Decentralized Autonomous Organization] for venture capital funding, running on [Ethereum], which was launched with US$250 million in crowdfunding in May 2016 and was hacked and drained of 3,689,577 ETH three weeks later.
[{$pagename}] typically use [Byzantine Fault Tolerance] [Algorithms] through [Distributed Ledger Technology] to provide [Security]
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
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* [#1] - [Smart_contract|Wikipedia:Smart_contract|target='_blank'] - based on data observed:2016-07-31
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop