Smart contracts · FellowTraveler/Open-Transactions Wiki · GitHub - 0 views
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A smart contract can be activated, after which point it takes on a “life of its own”
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You can also define variables in your smart contract, which persist through its entire lifetime. As the smart contract—including its internal state—continues to process over time, receipts will continue to drop into the relevant parties’ inboxes,
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The script code is unable to manipulate any assets excepting those explicitly declared beforehand on the smart contract,
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Smart Contracts - 0 views
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Whether enforced by a government, or otherwise, the contract is the basic building block of a free market economy.
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A smart contract is a set of promises, specified in digital form, including protocols within which the parties perform on the other promises.
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The basic idea of smart contracts is that many kinds of contractual clauses (such as liens, bonding, delineation of property rights, etc.) can be embedded in the hardware and software we deal with, in such a way as to make breach of contract expensive (if desired, sometimes prohibitively so) for the breacher.
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Loomio - 0 views
Home - Cyclos Project Site - 0 views
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develop open source complementary currency software that is easy to use and maintain