Smart Contracts 🤑: The Blockchain Technology That Will Replace Lawyers 🤫 A Beginner’s Guide to #smartcontract with #lampgram_tutorial 🤗
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🤓 Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman.
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🤓 The best way to describe #smartcontracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account.
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🥺+ Bonus info only for our followers. #weappreciateyou
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🤓 #smartcontracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.
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Enjoy 😉
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