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Benefits of Smart Contracts Smart contracts based on blockchain technology are becoming increasingly popular for transactions, and for good reason. They offer numerous benefits compared to traditional contracts, including: Increased transaction speed and accuracy: Smart contracts can be executed automatically…
Here are some common blockchain terms and their definitions: Here are a few resources that could be helpful for learning more about blockchain technology and terminology: I hope these resources are helpful! Let me know if you have any other…
When To Use Blockchain Technology When it comes to businesses looking to use blockchain technology, there are a few considerations that must be taken into account. First, businesses need to determine whether or not blockchain is the right solution for…
Distributed Ledger Technology (DLT) is an upcoming technology that provides a secure way for people to send and store value without going through a central authority. DLT allows people to transact with each other directly, without the need for a…
A blockchain is simply a ledger, with a twist, it is a verifiable and immutable digital ledger. It is a database that, based on whether public or private, can have no central ownership or control, which means that it’s very…
