What is a smart contract ethereum? Does Bitcoin have smart contracts?

in #smartcontractdevelopment • 6 years ago

A Smart Contract is a type of digital contract made on a blockchain network. The Ethereum Smart Contract became very known because of its unlimited processing capability.

ethereum smart.jpg

Basically, the contract is smart because once it is done it becomes automated and there’s no need for human intervention. They contain codes and functions that allow them to make decisions and even interact with other contracts, ensuring all the parties that are in the contract adhere to the terms settled.

Yes, it is possible to create a smart contract in the Bitcoin Blockchain, although it’s not as programmable or extensive as a smart contract built into the Ethereum network.

6 years ago in #smartcontractdevelopment by
$0.00
    Reply 1
    Sort:  
  • Trending
    • [-]
     6 years ago 

    Congratulations @lydiaivan! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

    You published more than 40 posts. Your next target is to reach 50 posts.

    You can view your badges on your Steem Board and compare to others on the Steem Ranking
    If you no longer want to receive notifications, reply to this comment with the word STOP

    Do not miss the last post from @steemitboard:

    3 years on Steem - The distribution of commemorative badges has begun!
    Happy Birthday! The Steem blockchain is running for 3 years.
    Vote for @Steemitboard as a witness to get one more award and increased upvotes!
    $0.00
      Reply