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Showing posts with the label ethereum blockchain

Cryptocurrency Wallet Development Services in Malaysia

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Blockchain & Smart Contract Real World Ethereum Platform Malaysia

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How smart contracts work It's worth noting that bitcoin was first to support the basic smart contracts in the sense of that network can transfer the value from one person to another. The network of nodes will only validate transactions, if certain conditions are met. But, bitcoin wallet is limited to the currency use case. By contrast, ethereum replaces bitcoin's more restrictive language (a scripting language of a hundred or so scripts) and replaces it with a language that allows developers to write their own programs. Ethereum allows developers to program their own smart contracts, or 'autonomous agents', as the ethereum whitepaper calls them. The language is 'Turing-complete', meaning it supports a broader set of computational instructions. Smart contracts can: ·          Function as 'multi-signature' accounts, so that funds are spent only when a required percentage of people agree. ·          Manage agreements between users.