Smart Contracts In Blockchain And How Do They Work
What Are Tokens And Smart Contracts? Smart contracts are coded agreements stored in blockchain-based ledgers. The alignment of certain pre-set conditions allows the execution of smart contracts which are then made accessible instantaneously to all parties involved, keeping them updated without intervention from outside agents. Smart contracts have assisted in activities related to fund transfer, insurance, and legal agreements. They have acquired attention and popularity owing to their rapid, secure, transparent, efficient, and economic nature. Pertaining to blockchain, tokens can be considered as an agency using which a smart contract can be executed...