WHAT ARE ETHEREUM’S SMART CONTRACTS

1
WHAT ARE ETHEREUMS SMART CONTRACTS
2
Smart contracts are about cutting out the
middleman and having a system that exists without
the need for an enforcing party
3
Once a smart contract is written then there is no
need for an enforcing party to review the
contract and argue
4
HOW DO SMART CONTRACTS WORK?
5
Ethereum is the second-largest cryptocurrency by
market capitalization and is almost certainly the
most well-known crypto after Bitcoin
6
Ethereum is a platform that runs on a
cryptocurrency called Ether
7
Blockchains are decentralized thousands of
computers are responsible for verifying
transactions and contracts, rather than one
acting party such as a bank
8
WHY ARE SMART CONTRACTS IMPORTANT?
9
Smart contracts are still in their infancy but
the uses of smart contracts are near endless
10
Smart contracts can provide a faster and more
efficient way to handle contracts, as well as
cutting down on legal fees
11
Smart contracts would be greatly suited to the
banking and financial sectors for contracts like
mortgages and settlements
12
MORE INFORMATION
What Are Smart Contracts