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Smart Contracts on Blockchain

Smart Contracts are self-executed programs and the contract handles the enforcement, the management, performance and payment of agreements between two parties.

Today on the Ethereum, NEO, EOS, LISK and other blockchains so many projects underway

to disrupt todays business models.

What is Blockchain ?

The gigantic potential of blockchain technology is becoming increasingly apparent. How does it work?

Blockchain technology is a distributed ledger data base for recording transactions, known as blocks. Blockchain is forgery-proof: Each new block is connected to the previous block and contains the history in the form of its checksum (a kind of checksum). In addition, each block also contains the checksum of the entire chain. This makes the order of the blocks unique. All data are stored in encrypted form.

If you need a deeper understanding how it works, contact BlockChainInside today!

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