smart contract

Smart contracts, or cryptocontracts, are like automated lawyers for blockchain transactions; these computerized programs ensure both parties meet their end of the deal.

NFTs, Environmental Impact and Checking your Sources
It is often brought up how NFTs are bad for the environment. How is that possible? It's like saying using my computer to read articles online is bad for the environment, right? Unfortunately, as with all things, it is more complex. While both the contents of an article and the existence of an NFT are both inherently inert bytes of data, much of the functionality of the NFT is in the smart contracts that are attached to it. According to IBM, “Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met.” In the case of NFTs, the smart contracts are attached to the tokens and when NFTs are bought, sold or have actions performed on them in something like a blockchain game, the smart contracts trigger, much like one would set up automation steps in IFTTT.
By Rachel L. Reges4 years ago in The Chain
Decentralized Autonomous Organizations (DAOs)
DAOs are the modern manifestation of the democratic ideal, "for the people, by the people," on steroids. On one side of the governance spectrum is complete centralization. A small group of people make all the decisions, and everyone underneath can either go along or get out.
By Paul Bokserman4 years ago in The Chain
Chair.finance Partnering with Capital Trust Group Limited (New Zealand)
Capital Trust Group (CTG) is about to mint 100,000 Rights & Benefits NFTs that represent right to copy trading strategy of Capital Trust Group’s profitable Proprietary Trading Account on the Chair platform. Incorporated in New Zealand, CTG is an influential boutique proprietary trading firm target to hire home-based Proprietary Trader in Asia as independent contractor. General Chavalit Yongchaiyudh (Thailand's 22nd Prime Minister) is one of the shareholders. This is a remarkable impact to fintech and blockchain industry with the endorsement from former nation leader and not many fintech or blockchain company in the world has the high profile people like this as its shareholder.
By Sarah Tsai4 years ago in The Chain
NFT Marketplace Platforms For Your Desired Digital Businesses.
Introduction: Blockchain technology, by itself, it’s relatively new. It all started with the introduction of bitcoin in 2009, and it is unbelievable that technology that is not even 15 years old has undergone so much transformation in a little over a decade.
By Linda John4 years ago in The Chain
Cardano v. Polkadot: Which Is Better Long Term?
The cryptocurrency world extends far beyond Bitcoin. Right now, the stiffest competition concerns who can develop the best blockchain platform for hosting other blockchain apps on it. This competition among competitors is called the platform wars.
By Sebastian Purcell5 years ago in The Chain
Top 5 White Label Cryptocurrency Exchange Script Software Solutions
With Bitcoin halving around the corner, The interest in Blockchain Technology is drastically increasing. Setting up the Cryptocurrency Exchange offers tremendous business opportunities in the Crypto realm and is booming globally. Nowadays, the term Cryptocurrency Exchange might often be heard and it is changing every business person's financial transactions. Digital currencies like Cryptos are clutched by an ample amount of people’s wallets and make their transactions easier.
By Denver Hemsworth5 years ago in The Chain
5 Blockchain Security Issues in 2020
Blockchain technology is the technology of the future and rightly so, for the long list of incredible features it possesses. No wonder that the sector is rising, but so are its risks. Although blockchain-inherent security features make decentralised ledger technology resistant to attack, they do not render it immune. In this article, we have discussed the five main security issues blockchain technology is facing in 2020.
By Brina V5 years ago in The Chain
How to Build a Smart Contract based MLM Platform Like Forsage?
If you are looking to start your own Smart Contract based MLM Business like Forsage, Then Forsage Clone helps you to launch it in a few days. These Readymade solutions will help in faster development of your MLM Platform instead of building it from scratch and also cut down the investment costs.
By Emily Grace5 years ago in The Chain
A Guide to Smart Contracts
Smart contracts have been around in blockchain technology since as early as 1994, but what are they? What is blockchain? And why should you think about using them?
By Roland Barnes7 years ago in The Chain
How To Use Smart Contracts for Revenue Sharing. Top Story - March 2018.
Blockchain technology has become one of the most important inventions that has taken the net by storm. This form of a decentralized transaction ledger led to the creation of cryptocurrency—as well as blockchain uses for non-financial problems too.
By Iggy Paulsen8 years ago in The Chain
Legal Pitfalls in Blockchain Smart Contracts to Avoid
Bitcoin is in the news, no matter where you look. Everyone wants to get a slice of the blockchain pie. Investing in Bitcoin and other cryptocurrencies is trendy, but what happens once you actually buy the cryptocurrency and try to use it?
By Skunk Uzeki8 years ago in The Chain
A Complete Dictionary of Cryptocurrency Slang
Navigating the world of the internet is no easy blunder, due in part to a multitude of factors, ranging from the limited amount of security and the various layers of ongoing traffic, to the unfolding effects of social media and the ranging dark web horror stories. Even more daunting, identical as it is to the real world, grasping the nature and dialect provided by the many wonders hidden all across the net is practically impossible; I’m not just talking about "LOL" or "#MileysBack," I’m discussing more inherent internet jargon, such as 4chan speak, algorithmic coding, pixelated messaging—hell, let’s even add the language of emoji.
By Ryan Epps8 years ago in The Chain