Understanding Smart Contract: A Deep Dive

Everything You Need to Know About Smart Contract

What is Smart Contract

With Smart Contracts, i.e. Intelligent, programmable contracts , contract logic and rules for assets can be technically mapped via program codes.

A SMART Contract typically contains program code and is related to normal participants or other smart contracts. Smart contracts can be managed manually by the user or automatically by other smart contracts.

long -term smart contracts can act with each other and thus depict entire organizations (see DAO).