Technical cost analysis of blockchain contract trading system development

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technical cost analysis blockchain contract

Decentralization or “DAPP” In recent years, the concept of Ethernet has become very popular on the Ethereum platform .

This paper is written by mkz888z Arrangement , Welcome to communicate !

Actually , The main purpose of Ethereum is to release smart contracts , So that we can communicate with each other in a decentralized platform , Send it like a broadcast , And reshape these “ New species of blockchain 、DAPP( distributed application ) New ecology ”

Assign values to input through rules , List and perform the actions required by these terms in the contract - for example , Determine whether the asset should be returned to one person or to someone else at the source of the asset . This concept is easy to explain with an example . Imagine life insurance , Smart contracts pay benefits to the designated beneficiary after the policyholder dies . Contracts can check online death registers in real time to determine when to pay . Smart contracts are unreliable , Autonomous , And self-sufficient .

Smart contract is a new technology brought by public blockchain , Because part of it confuses the core interaction of the description , So the term is hard to understand . Smart contracts help to implement decentralized systems , It exists between all allowed parties , There's no need for middlemen , It can save you time and energy . Although the blockchain itself has problems , But because it's efficient , Undeniable? , It's bigger than a traditional system 、 Cheaper 、 More secure features , So that banks and governments began to understand and use it .

The smart contract can be simply defined as the computer code running at the top of the blockchain . It contains a set of rules , These rules determine how interested parties interact with each other . As long as the pre-set rules are met , The agreement will be executed automatically .

Interestingly , Smart contracts are not smart , It's different from the legal agreement in real life . Intelligent contract “ It can only be as smart as the person who compiled it ”, let me put it another way , Smart contracts are just software programs , Like all programs , Execute exactly as the programmer intended . Smart contracts are like programming applications :“ Once it appears , Just go ahead and do it .”

Smart contract is a new technology brought by public blockchain , Because part of it confuses the core interaction of the description , So the term is hard to understand . Smart contracts help to implement decentralized systems , It exists between all allowed parties , There's no need for middlemen (Middlemen), It can save you time and energy .

This paper is written by mkz888z Arrangement

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