Basics of Smart Contracts

Throughout this book, we will be taking a look at and writing several examples of smart contracts. A smart contract is a computer protocol that is used to digitally facilitate, verify, or enforce the negotiation or performance of a set business rules. Smart contracts are called "smart" because the code / contract is automatically run when specific sets of requirements are met.

Smart contracts allow credible transactions to take place without a third party being involved. Furthermore, the transactions are traceable and irreversible (Source).

 

This page is a preview of Creating an ERC20 Token on Ethereum

No discussions yet