DEAR Smart Contract
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met.
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without an intermediary’s involvement or time loss. They can also automate a workflow, triggering the next action when conditions are met.
It’s Obvious that there will be support for smart contracts. But we need to make it simpler and faster to compile. Keeping all in mind we planned for using C language or modified C language to use for the smart contract as its low-level language. Detailed Arch. Yet to be built.
Benefits of smart contracts
Speed, efficiency, and accuracy:
Once a condition is met, the contract is executed immediately. Because smart contracts are digital and automated, there’s no paperwork to process and no time spent reconciling errors that often result from manually filling in documents.
Trust and transparency
Because there’s no third party involved, and because encrypted records of transactions are shared across participants, there’s no need to question whether information has been altered for personal benefit.
previous post:_
DEAR Protocol Technical Breif ,
Visit our Website:- www.dearprotocol.io
Telegram :- Dear Protocol
linkedin :- Dear Protocol
