Question

commerce is related to undertaking contract __ state true or false​

Answer 1

Answer:

true

Explanation:

The notion of a digital protocol designed to facilitate, verify, or enforce the terms of an agreement without the need of a third party is not new. In 1994, Nick Szabo coined the term “Smart Contracts” when describing this framework. It was not until the arrival of blockchain technology that the protocol’s full possibilities came into focus.

Smart contracts on the Bitcoin SV Blockchain make life easier for anyone engaging in commerce and deals. Where a direct transfer of value can be inextricably linked, blockchain smart contracts are beneficial. It provides parties the ability to conduct rule-based transactions and agreements without the need for third parties and digitally facilitate, verify, or enforce the negotiation or performance.