HomeStablecoinsWhat are Smart Contracts in Crypto? (4 Examples + Animated)

What are Smart Contracts in Crypto? (4 Examples + Animated)

-


Are you wondering what a Smart Contract is? Well, a smart contract is an agreement between multiple people who agree that a piece of code will be executed if certain conditions are met. Right now, I know of 4 main use cases for Smart Contracts, and they are:

1) Flash Loans

2) Insurance

3) Token Switching (Decentralized Exchanges)

4) Buying and Selling real world representations

Watch our animated video on Smart Contracts to understand how each of these examples currently work and what their potentials are in the future!

Join our exclusive discord community:

Explore More Whiteboard Crypto:
Facebook: @whiteboardcrypto
Instagram: @whitreboardcryptoteam
Website: www.whiteboardcrypto.com

source

42 COMMENTS

  1. Appreciate the detailed breakdown! I need some advice: I have a okx wallet with money, and I have the seed phrase: (proof inner hobby bounce blouse able donate virtual luggage cart morning ticket). How can transfer them to Binance?

  2. Kerja bagus! Bantuan cepat diperlukan: Saya menemukan dompet dengan USDT dan kunci pemulihan ini: "obvious stay actor sunset unable assault hamster glory law cruise wire drip". Platform apa yang harus saya gunakan untuk menariknya?

  3. I Hit 12k today trading. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to michelle warner for helping me achieve this.

  4. Web3 Infinity is not just a project; it's a community of like-minded individuals driving towards a common goal. Join the presale and become part of this powerful movement that's shaping the future of finance!

  5. Investing in Web3 Infinity has been a rewarding experience. The team's dedication to innovation and the project's growth trajectory are impressive. Don't miss out on the presale – it's your ticket to financial success!

  6. Web3 Infinity is the most secure alternative cryptocurrency due to the fact that its automated algorithms thwart decline markets, paper hands, and bot transactions. It will undoubtedly attain $10 in a short while.

  7. This time last year I considered crypto without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. I got into the market with 15k, One year and a couple of months in, and I’m up with 550k. I truly cannot stress enough how helpful experts in this field are!

  8. Crypto is risky as many would say but I think the actual risk in Crypto is not investing, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time

  9. For all thos BTC critic's … they all wish they could have bought it at 1k, 10k, 20k, 30k, 40k, 50k, 60k… just imagine how much gold you could buy with the amount of profits. Gold is not the future. It's too heavy and too slow. Crypto is the future. And you can believe or not believe. But we can all agree that you and I would have been much better off had we bought BTC any time in the past. Now all that said. I think BTC goes to a million but it goes to 90k first. Any massive pullback in it… is a trade not a hold. Same for gold and sliver. Rich don't hold tops … they trade…….. I have managed to grow a nest egg of around 3b"tc to a decent 26B'tc in the space of a few months. Amidst this, the insights of a knowledgeable guide like that of Russell Greener can be crucial. His expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends…

  10. 感谢您的详细讲解!我有一个OKX钱包,里面有USDT,并且有恢复短语(helmet endorse crucial amateur orange hover flat comfort swear route bullet pistol)。请问如何将它们转到Binance?

  11. WAKE UP PEOPLE! DOG IS THE MOON! The market moves in waves even in an uptrend and a Bull market. Everyone is anxious after years of waiting and they don't realize that altcoins and memecoins will only take off when BTC dominance falls and then the Altcoinseason begins, which should happen at any moment. So take advantage of the opportunity to buy and hold for at least the next 6 months to reap the rewards that will change your financial situation. DOG SOLD AND REGRETTED IT. DOG IS THE MOON.

  12. Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

FP CryptoDecoded: Benefits and Challenges of Cryptocurrencies

Proponents say cryptocurrencies have resulted in greater financial accountability in countries with corrupt banking systems. But critics cite the environmental costs of bitcoin mining and...

BlackRock CEO Larry Fink Forecasts $700K Bitcoin Price Amid Inflation Worries

Larry Fink, CEO of BlackRock, recently speculated that Bitcoin could potentially reach valuations as high as $700,000 per BTC. This projection arises against the...

bitcoin++ Hacking Edition 2025: Brazil

The next edition of bitcoin++ will be taking place February 19-22, 2025 at the ACATE Centro de Inovação in Florianópolis, Brazil. This edition of the...

Most Popular