Contract contractions are inevitable in human existence, more than hundreds of contracts are made each day across the world.
Contract which is the sealing of well drafted, reviewed and documented agreements between one or more parties, of which the parties involved commit to performing some actions in exchange for something of value. Normally one of the contractual parties provides a good or produces a service and the other party or parties render the payments in exchange for the services received or for the goods received.
Though the mood and medium in which contracts are contracted varies from one to the other, the traditional system has been the leading system in contract contractions before now.
Contract contractions of the old takes the form of trade by batter where substitute/close-substitute goods are exchanged for others or even non-close substitute goods for other ultimate needed goods. Advancement came into the trade by batter system of contract because of the hectic nature and diverse processes of the system where some certain objects like cowries were used as denominations to solve some problems of the system.
Of course, contracts have evolved and are continuing to evolve especially given the advent of technology, but the ideas are more or less the same.
The technological driven contracts are called smart contracts
smart contracts are product of the blockchain technology, they are computerized transaction protocols that executes the terms/conditions of a contract. The protocol implements the conditions of the negotiation prior to the finalization of the contract.The protocol eliminates the need for third-party and yet still executes credible transactions. Transactions executed with smart contracts are easily accessible, traceable, alteration free and irreversible. The aim of smart contracts is to facilitate contractual agreements with no formality and large cost associated with the traditional system.
ETHEREUM LIMITED
Ethereum limited is a decentralized platform on the blockchain that runs smart contracts. Ethl platform gives rights to all people to create smart contract(s) with or without programming skills or knowledge.
Ethereum limited has envisioned a world where smart contracts will be as common as laptops, iPads, mobile phones, and other ICT gadgets. The Ethl has also envisioned a world where cryptocurrency is as normal as fiat currencies are in the world of today.
Ethereum limited is hack-proof because it is decentralized and not compromisable. The ecosystem is not controlled by any authority since it uses the blockchain technology thereby protecting and safe keeping the personal records of it's users from unauthorized person(s). Ethereum limited also allows users to create smart contracts as easily as repeating the alphabets.
Ethereum limited Smart contracts removes challenges associated with the traditional contract laws like large fees, human errors, too many paper works and lengthy administration of the finalized agreement.
Features
**Ethereum limited smart contracts allows agreements to be made and also ensures that the agreements are executed without altercations between the users.
**Ethl smart contracts automatically stores application's information such as membership records.
**Ethl smart contracts works as multi-signatory accounts, allowing funds to be spent only when the required number of users involved in the contract accedes.
Benefits
Transparency-nothing is hidden, all the terms that binds the contract are made available and clear to the parties involved
Speed- Ethl smart contracts are executed in seconds by computers unlike the traditional system that takes weeks.
Paper-free- smart contracts eliminates paper usage because all operation is carried out on the blockchain.
Clear communication- Ethl smart contracts removes any room for misinterpretation and misunderstanding as the terms of the contract is not compromisable.
storage and backup system- Ethereum limited automatically takes down every information of all transactions/contracts.
TOKEN SPECIFICATIONS
Token name: Ethereum limited
Ticker: Ethl
Maximum supply: 10,000,000
Decimals: 18
TOKEN ALLOCATION
ROADMAP
Ethl official links:
Website : https://ethlimited.org
Twitter Link :https://twitter.com/EthereumLimited
Telegram Link : t.me/EthereumLimited
Facebook Link : https://www.facebook.com/ethereumlimited/
Reddit :https://www.reddit.com/user/ethereumlimited
written by: ib iliyas
Bitcointalk username: Cryptoib
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2137019