Are you still not clear on what a smart contract is? Learn how they work explained in our latest episode of Cryptopedia.
. He explains how smart contracts work from the basics and provides examples of how they can be utilized in real-world scenarios.
As an example, DuMont explained the difference between transacting in a centralized exchange like Binance and doing the same transactions with a decentralized exchange like Uniswap, which is powered by smart contracts. “Smart contracts eliminate the need for a middleman because instead of being run on a company server, they're run on a decentralized blockchain network.”This means that the chances of a smart contract being executed are higher, as the network is not controlled by a single company. Instead, a blockchain network is run by various anonymous nodes distributed throughout the world.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Valley and the Crypto Oasis: Ralf Glabischnig – Cointelegraph MagazineRalf Glabischnig tells the story of the birth of Crypto Valley in Zug and his work building Crypto Oasis in Dubai. He works across timezones to help build Switzerland and the United Arab Emirates into regional powerhouses of the blockchain revolution.
Read more »
In observing Yom Hashoah, there’s much to learn from Holocaust survivors and the Dallas museumDallas’ Max Glauben and others work to ensure the tragic events are not forgotten.
Read more »
U.S. soldier says Russians using Twitter to learn his Ukrainian locationA former U.S. Army staff sergeant tweeted that Russians have been trying to get his location in Ukraine from his Twitter account.
Read more »
17 of the Best Amazon Web Services (AWS) for Web Developers to Learn | HackerNoonThis article will give you a basic understanding of the main AWS features and will be useful for those who are just starting to get acquainted with the platform
Read more »
What Elon Musk Can Learn From Mastodon—and What He Can’tTwitter’s new owner has a vision that sounds a lot like a scrappy little social network that already exists, with one key difference.
Read more »
Horrific Jan. 6 Texts That You’ll Have To Learn About In Our Forthcoming Tell-All BookJust so you know, everyone featured in our books signed iron-clad NDAs, so if they spill before our book release, our lawyers will absolutely sue them and everyone they’ve ever loved into oblivion. No one, and we mean no one, is breaking this news but us.
Read more »