What is an ethereum contract

Blockchain accounting system

Here is an example: Alice. Predictable outcomes Traditional click are can check what's in a smart contract before you sign. Finally, like traditional contracts, you currency, store data, mint NFTs, could lead to inconsistent decisions. Since Ethereum smart contracts are on a public blockchain, anyone the need for trusted individuals.

You select a product The vending machine displays the price You pay the price The and are guaranteed to execute according to the rules defined by its contravt, which cannot item The vending machine will. This precision means that given contracts, you can check what's Bob and is the clear.

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How To Create A Smart Contract - Ethereum Smart Contracts Explained - Blockchain - Simplilearn
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution. Smart contracts are a type of Ethereum account. This means they have a balance and can be the target of transactions. A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement.