Smart contracts as the basis of dApps.

10 Jan 2022, 13:33

Smart contracts as the basis of dApps 📄 ⠀ Smart contracts are a technology that has made the creation of decentralized applications possible. Their advantage is that they can be intermediaries in the execution of transactions, being absolutely honest. ⠀ How does it work? ⠀ Smart contracts are a kind of electronic intermediary. So, there is a transaction between party A and B. Party A undertakes to transfer funds as soon as it receives something from Party B. Party B undertakes to transfer something as soon as it receives funds. ⠀ What to do in a situation with zero trust? Create a contract that will transfer funds as soon as it sees that party B has transferred something. ⠀ This is exactly what a smart contract does. Its fulfillment occurs if and only if both parties have fulfilled all the terms of the transaction. ⠀ DMD uses smart contracts to ensure maximum honesty and transparency. ⠀ 📢 Learn more: https://bit.diamonds

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DiamondDMD #959

10 Jan 2022, 13:37

#DMD uses #smartcontracts to ensure maximum honesty and transparency and DMD Diamond provides a #platform where other projects can also build and utilize the power of smart contracts at affordable #fee #prices and with incredible speed. Learn more:

#DMD uses #smartcontracts to ensure maximum honesty and transparency and DMD Diamond provides a #platform where other projects c