SMART CONTRACTS - BLOCKCHAIN - ORACLES - MARKET ORDER -

matthew.davis (49)in #blockchain • 6 years ago


SMART CONTRACTS	smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.^{Source + Source}
BLOCKCHAIN	rather than holding them until a set market condition is triggered to try and make a profit; in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately. an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. ^{Source + Source}
ORACLES	oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.^{Source + Source}
MARKET ORDER	the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks. ^{Source + Source}


SMART CONTRACTS	smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.^{Source + Source}
BLOCKCHAIN	the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks. ^{Source + Source}
ORACLES	oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.^{Source + Source}
MARKET ORDER	rather than holding them until a set market condition is triggered to try and make a profit; in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately. an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. ^{Source + Source}

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