What is Smart Contract Development?
Smart contract is a software program or agreement between two or more parties that is stored on a blockchain, such as Ethereum or EOS. Each of them has a defined set of rules and conditions and runs automatically when all these conditions are met. These contracts are guaranteed by the consensus of the entire blockchain network and cannot be changed unless approved by the whole network. They are among the safest and most powerful tools for creating agreements between different parties. Here’s how your business can benefit from smart contract development.