Quote from: Edgarroni on August 13, 2018, 10:04:06 AM

Quote from: gegfdvxvxc1 on August 13, 2018, 09:01:53 AM

How are the contents of the smart contracts secured from being manipulated?

They only execute commands that have been pre-programmed. First, assets and terms of contract are encrypted and transferred to a Blockchain block. This smart contract will then be distributed and copied by the nodes that operate on that platform.
Once the order has been received, the contract will be implemented in accordance with the predefined terms. At the same time, the smart contract will also automatically check the implementation of contractual commitments.

That's right. The use of smart contracts to not only trigger events but actually carry them out automatically represents a bold evolution that is being actively explored by a few today. Smart contracts are self-executing computer codes that automatically carry out functions once a triggering event has taken place. It is a linear contract that can include multiple parties (investors, borrowers, buyers, sellers etc.) and that cannot be altered.

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