What is the predefined business logic within a blockchain called?
smart contracts
hashing
mobile contracts
encrypting
I don't know this yet.
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Answered by
31
Answer:
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.
Answered by
7
The predefined business logic within a blockchain called Smart contracts.
- Smart contract is this layer of business logic that enables blockchain to support business process fulfillment. Blockchain technology makes the distributed ledger a viable decentralized record of transactions that allows the replacement of a single master database.
- Smart contracts are digital contracts stored on a blockchain that are automatically executed when predetermined terms and conditions are met.
Hence,
option (a) Smart contracts is correct.
Project code #SPJ2
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