S mart contracts are one of the driving forces behind the PLC Ultima blockchain! They ensure that the profit is being received by the user! Let’s figure out what a smart contract is. A smart contract is a program guaranteeing the security of a transaction for both parties. The program is embedded in the contract between users. It checks whether the terms laid down in the contract are met and transfers funds only, if this is the case.
A smart contract is a digital analogue of a conventional legal contract, but with many advantages:
works autonomously;
does not require the participation of third parties;
cannot be lost, as it is “built” into the blockchain and thus is virtually immortal;
doesn’t take money for the work it provides.
In the PLC Ultima blockchain, minting begins only after the smart contract conclusion — this ensures the user will receive all minting transactions supposed by the smart contract terms.
* Thanks to digital certificates, users have the possibility of...
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