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, [[ | + | 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. |
=== DAO === | === 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 | + | 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. |
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Revision as of 20:38, 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, decentralized autonomous organizations, 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.
