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MLM Smartcontract Plan


Features of smart contract

  • Strong Security
  • Savings and Profits
  • Efficient and accurate
  • Storage and Backup
  • Trust and transparency

What is a Smart contract?

A smart contract is an agreement between two people in the form of computer code stored on a blockchain that run when predetermined conditions are met. They run on the blockchain, so they are stored on a public database and cannot be changed. The transactions that happen in a smart contract are processed by the blockchain, which means they can be sent automatically without a third party.


How does smart contract work?

The process of creating a smart contract starts with business teams making a business plan for the smart contract in response to various events or circumstances. The developer works to develop a platform as per the intended logic and test. The smart contract is deployed to configure to listen to events from a cryptographically secured oracle, the smart contract executes once it receives the appropriate mix of events from one or more oracles.