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EXERCISE:
i. What Is Smart Contract?
ii. Summarize in your own word in this forum below:
(NOTE: please, don't just copy past from other student - instead answer in your own word base on your level of understanding the lesson and resources)
NOTE:
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Ademiju Taiwo 24/10/2023 9:40 pm
Smart contract is a language of money which runs on a Blockchain database or on a decentralized database.
Smart Contract in summary is a code that run in decentralized databases like the Blockchain.
It is smart because it can execute on its own without direct human or third party influence once deployed.
Smart contract are code deployed to perform a perticular task in a blochain and they always deal with money and they work on their own without any human interference.
And also once they are deployed they can no longer be changed
smart contract are set of codes or instruction that can only run in block chain network without anyone controlling it, majorly processing and modifying decentralized data
Smart contracts are codes that are immutable and relevant to develop programs in a decentralised ecosystem.
smart contract are set of codes that runs on block chain network by itself in a decentralized database
A smart contract is code used to perform specific tasks on a blockchain.