Difference between revisions of "Smart contracts"

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A smart contract is a computer program that controls the transfer of assets to different parties. It defines the rules and penalties of the agreement. They can be used for a number of things such as token creation, decentralized autonomous organizations, [[Crowdsale|crowdsales]] and more.
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A smart contract is a computer program that controls the transfer of assets to different parties. It defines the rules and penalties of the agreement. They can be used for a number of things such as [[token]] creation, [[DAO]]s, [[Crowdsale|crowdsales]] and more.
 
 
=== DAO ===
 
A decentralized autonomous organization (DAO) is a type of smart contract that acts like a business or organization. Token owners are like voting members. They can make proposals on what to do with funds, add/ remove members, propose new rules or change old ones and more.
 

Revision as of 20:40, 2 January 2019

A smart contract is a computer program that controls the transfer of assets to different parties. It defines the rules and penalties of the agreement. They can be used for a number of things such as token creation, DAOs, crowdsales and more.