Smart Contracts
Smart-contracts
Smart contracts – This is a special case of using
blockchain technology. In fact, this is a computer algorithm designed to
ensure the implementation of a transparent transaction, subject to and
fulfillment of all contract conditions. All conditions of the contract must
be mathematically formalized and translated into the appropriate program
code. In addition, an environment must be implemented within which the work
of smart contracts takes place.
Smart contracts based on the Ouroboros blockchain - allow you to
write business logic that stores data and operates on the Ouroboros
blockchain. Contracts are developed in any language, after which they are
compiled into WebAssembly and deployed to the blockchain. The commission for
any transaction on smart contracts is charged in ouro, which will
significantly increase the income of validators and delegates.
A simple constructor of your own coins with ouroboros-based
co-mining - will allow any user to create their own coin in a few clicks,
determine the conditions for its co-mining and initial issue, and then embed
it into the blockchain in the form of a ready-made smart contract.