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What are Smart Contracts in Crypto? (4 Examples + Animated)

Whiteboard Crypto
998K subscribers
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608K views 3 years ago
Are you wondering what a Smart Contract is? Well, a smart contract is an agreement between multiple people who agree that a piece of code will be executed if certain conditions are met. Right now, I know of 4 main use cases for Smart Contracts, and they are: 1) Flash Loans 2) Insurance 3) Token Switching (Decentralized Exchanges) 4) Buying and Selling real world representations Watch our animated video on Smart Contracts to understand how each of these examples currently work and what their potentials are in the future! Join our exclusive discord community:   / discord   Explore More Whiteboard Crypto: Facebook: @whiteboardcrypto Instagram: @whitreboardcryptoteam Website: www.whiteboardcrypto.com ...more
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What are Smart Contracts in Crypto? (4 Examples + Animated)
27KLikes
608,529Views
2021May 9
Are you wondering what a Smart Contract is? Well, a smart contract is an agreement between multiple people who agree that a piece of code will be executed if certain conditions are met. Right now, I know of 4 main use cases for Smart Contracts, and they are: 1) Flash Loans 2) Insurance 3) Token Switching (Decentralized Exchanges) 4) Buying and Selling real world representations Watch our animated video on Smart Contracts to understand how each of these examples currently work and what their potentials are in the future! Join our exclusive discord community:   / discord   Explore More Whiteboard Crypto: Facebook: @whiteboardcrypto Instagram: @whitreboardcryptoteam Website: www.whiteboardcrypto.com

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Whiteboard Crypto

998K subscribers