Smart contracts are self-executing contracts with the terms of the agreement directly written into code, enabling automatic enforcement and execution without intermediaries. They operate on blockchain networks, ensuring transparency, security, and immutability of the contractual processes.

Smart Contracts

Smart contracts

self-executing contracts

terms of the agreement

Code is a set of instructions written in a programming language that is executed by a computer to perform specific tasks. It serves as the fundamental building block for software development, enabling the creation of applications, systems, and algorithms that drive modern technology.

code

automatic enforcement

execution without intermediaries

blockchain networks

Transparency refers to the practice of being open, honest, and straightforward about various activities, decisions, and processes, ensuring that stakeholders have access to the necessary information to make informed decisions. It is crucial for building trust, accountability, and integrity in both organizational and personal contexts, fostering a culture of openness and collaboration.

transparency

Security is the practice of protecting systems, networks, and information from digital attacks, damage, or unauthorized access, ensuring confidentiality, integrity, and availability. It encompasses various strategies and technologies to mitigate risks and safeguard assets in both physical and digital environments.

security

Immutability refers to the state of an object that, once created, cannot be altered, ensuring consistency and predictability in software development. This concept is crucial in functional programming and concurrent computing as it eliminates side effects and race conditions, leading to more reliable and easier-to-understand code.

immutability

contractual processes

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