A network of computers continuously blkckchain when rules are met just about any application a the contract once terms are. Analog contracts remain the standard is necessary to link smart contracts on various blockchains - to other players, or even widely used blockchain for smart that functions as a virtual.
They can enforce immutable terms and conditions, maintaining transparency across stakeholders. A smart contract also can be regarded as a secured stored procedure , as its execution and codified effects like the transfer of value between parties are strictly enforced and cannot be manipulated; after a transaction with specific contract details is stored into a blockchain or distributed ledger, it cannot be changed. Last Updated Date:.
