What are smart contracts — simple explanation

What are smart contracts — simple explanation

A smart contract is a program stored on a blockchain. It runs a preset action after specific conditions are met. In plain language, that is... The post What are smart contracts — simple explanation appeared first on Bitcoin Foundation.

A smart contract is a program stored on a blockchain. It runs a preset action after specific conditions are met. In plain language, that is what are smart contracts means for most readers. It is not … [+15988 chars]