Like many ideas in the blockchain industry, the general confusion surrounds the so-called 'smart contracts'. A new technology made possible by public blockchain, smart contracts is difficult to understand because the term partially confuses the core interactions described. One of the best things about blockchain is, since it is a decentralized system that exists among all that is allowed, it does not have to pay an intermediary and it saves you time and conflict. Blockchains have their problems, but they are judged, undeniably, faster, cheaper, and safer than traditional systems, which is why banks and governments are turning to them.
Smart contracts help you exchange your money, property, stock, or whatever is valuable in a transparent, conflict-free way while avoiding brokerage services. The best way to describe a smart contract is to compare technology with vending machines. Typically, you will go to a lawyer or a notary, pay them, and wait when you get the document. With a smart contract, you simply drop the bitcoin into the vending machine (ie the ledger), and your escrow, driver's license, or anything else that goes into your account. In addition, smart contracts not only set the rules and penalties around the agreement in the same way as traditional contracts, but also automatically enforce those obligations.
Although the standard contract describes the terms of the relationship (usually applicable by law), the intelligent contract imposes a relationship with the cryptographic code. In other words, smart contracts are programs that run exactly as arranged by the author.
It should be noted that bitcoin is the first to support smart basic contracts in the sense that networks can transfer value from one person to another. The network node will only validate the transaction if certain conditions are met. However, bitcoin is limited to the use of currency cases.
Instead, ethereum replaces stricter bitcoin languages (scripting languages from hundreds or more scripts) and replaces them with languages that allow developers to write their own programs. Here allows developers to program their own smart contracts, or 'autonomous agents', such as the so-called white paper ethereum. Language is 'Turing-complete', which means it supports a wider set of computing instructions.
Smart contracts can:
This serves as a 'multi-signature' account, so funds are only spent when percentage of people are asked to approve
Manage agreements among users, say, if someone purchases insurance from
another service provider for another contract (similar to how the device library software works)
Storing information about the application, such as domain registration information or membership records.
Ethereum Limited is a smart contract platform. The project notes that not everyone has the ability to write smart contracts because it requires some level of programming skills so the ICO team decides to make it easier for everyone to make smart contracts.
Taking advantage of the decentralized nature of the Ethereum blockchain, Ethereum Limited does not have to worry about the security of its user data.
Due to the creation of Ethereum Limited Ecosystem, people who need smart contracts will flock to the Ethereum network - making it more successful. Lower transaction costs, faster turnover, automation, and immutability are just some of the benefits we offer.
Features
Ease of use
The smart contracting platform is easy to use . Thousands of ready-to-use templates to choose from will be available for customization.
Minimum Cost Using this contract template and smart platform will not jeopardize your budget. The opportunity is cheaper than buying a cup of coffee.
Marketplace
If you can not find a smart contract template that does not fit your needs? Need a custom template, but can not do it alone? Hire your other platform users through this Marketplace project.
Flexibility
This platform will accept Ethlimited, Ethereum, and Bitcoin as payment to use our platform. We can add some cryptocurrency in the future.
For more information, please visit the link:
Official website: https://ethlimited.org/
Whitepaper: https://ethlimited.org/whitepaper.pdf
Facebook: https://www.facebook.com/ethereumlimited/
Twitter: https://twitter.com/EthereumLimited
Telegram: http://t.me/EthereumLimited
ADDRESS: 0x162b4862c2Aa74eB272974EdF91B754a57A5f01e
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1826813
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