Home

Smart Contracts

You have reached https://sites.google.com/view/smartcontracts/home/ for editing

A Smart Contract is software code created using the decentralized, open-source Ethereum 2.0 Network and placed onto the Ether Blockchain Network. Ethereum ( ethereum.org ) is the most actively used blockchain after Bitcoin.

Smart Contracts are Immutable and can NOT be changed once created. Useful features include Multi Signature wallets requiring 2 or more signatures to withdraw funds, Smart Crowdfunding that verifies deposits have been received and Smart Paid contracts that release funds once a Delivery has been confirmed. Smart Contracts are often written in the Solidity Language for code

Smart Contracts make you anonymous, display trust, provide a backup, safety, speed, savings and accuracy.

Smart Contracts (SC) are

A transaction on the Ethereum Blockchain Network

A SC is triggered by an Externally Owned Account (EOA).

A SC contains a "Contract Code" & 2 public keys

1st public Key provided by the Contract Author

2nd public Key is a digital identifier of the contract

Smart contracts are distributed to all nodes on the Ethereum network.

Smart contracts can automate & execute tasks & programs.

Smart contracts can remain "dormant" & then self execute tasks.

Smart contracts can NOT be changed but CAN be deleted by author.

Smart contracts can be deleted if a task is implimented.