Smart Contracts
Overview
Smart contracts are computer programs based on consensus algorithms that execute automatically based on pre-established conditions that no one can alter. To modify any pre-established conditions, all parties involved in the network must agree through a 'vote'. This improvement in transparency, automation and versatility has made smart contracts an effective tool for companies that want to automate a wide variety of applications.
Key Takeaways
- Dipass.io is a blockchain and digital transformation consultancy that helps companies achieve their digital development objectives through web3 development, smart contract development and audits for regulatory compliance and security.
- We do this through a combination of our internal Full-Stack developers and Smart Contract Auditors.
- Smart contracts offer an efficient way to manage agreements and generate results.
Origins
Smart contracts are computer programs based on consensus algorithms that execute automatically based on pre-established conditions that no one can alter. To modify any pre-established conditions, all parties involved in the network must agree through a 'vote'. This improvement in transparency, automation and versatility has made smart contracts an effective tool for companies that want to automate a wide variety of applications.
