Smart Contracts

What are Smart Contracts? They are digitally programmed smart contracts, they use the blockchain to work automatically.

How does a Smart Contract work?

- It works like a common contract, with the difference of being programmed so it is the computer that executes this contract in an automatic and impersonal way, it is the automatic processing and storage in the blockchain that make these contracts a technological and guaranteed way of negotiating.

Simply put, it is a digital contract, operated autonomously by the system that guarantees the value of its execution and fulfillment of requirements.

A smart contract can be, for example, a cryptocurrency transaction with a future date to occur after fulfilling the requirements of this contract (which are written by programmers).

In this way, it is possible in a digital way: to sell goods, transfer values, negotiate loans, among other functionalities.