Smart contracts are Virtual Contracts coded in Solidity and backed by Blockchain Technology. A Smart contract is capable of Executing an Agreement based on the conditions.
According to Network Scientist Wattenhofer, “a smart contract is an agreement between two or more parties, encoded in such a way that the correct execution is guaranteed by the blockchain”
The ideology behind smart contracts is rather simple as they’re executed on the IF-WHEN-THEN basis.
Breaking the Ice with a simple example :
- IF/WHEN you send me the item X, THEN the funds will be released
- IF/WHEN you transfer the money in full, THEN item X becomes yours
- IF/WHEN I finish the job, THEN the funds will be released
There’s no limit to how many IFs or THENs are included in a smart contract.
Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way.
How to earn money by using Smart contracts?
- A Sole reason for creating any past, present, future product is to EARN, By taking smart contracts in the account, What are the possible ways for earning money by utilizing it?
- An Ethereum based smart contract will let you earn more than you imagine.
- A well written Smart contract can be imposed inthe Finance and Insurance sectors.
- A Smart Contract can be applied in the Internet Of things which is a web term of Ecommerce sector
- It can be used as a security for the contents that need to be secured.
What do we do?
- As simple as Precise We develop, Code, Write Smart contracts based on the constraints raised.
- We can develop smart contracts using solidity based on the need of the client.
Who are we?
- We are a Group of Skillful Blockchain Scientists, Solving many complex puzzles Putting forth over us by the Innovative enterpreneurs.
- Writing a transparent code and making them to Obey is in our Trait.