Ethereum has garnered a name in the market which no other cryptocurrency has been able to capture. The Ethereum platform is directly responsible for the exponential growth of smart contract development, and it’s amazing uses. The smart contract has many uses that are exciting and practical uses. A smart contract in layman terms is a pre-specified set of instructions to be followed on the blockchain.
Here’s an example to understand Smart contract better; suppose there’s a transaction that’s about to take place on the blockchain, smart contracts come into play as soon as the specified conditions are met. Let’s take the instance of a real estate deal about to happen on Ethereum blockchain with ERC20 tokens.
The sender and receiver can specify certain conditions for the transactions to take place and other details. Smart contracts ensure that seamless transactions take place without any human intervention and with 100% accuracy in accordance to of the pre-defined instructions.
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Like the original Silk Road, we also prohibit the sale of “anything whose purpose is to harm or defraud.” This includes child pornography, stolen credit cards, assassinations and weapons of mass destruction. Unlike the original Silk Road we will also have to delete posts advertising things that are illegal in most jurisdictions. This isn't because we don't support your right to engage in these peaceful transactions, but because violent people we have never met, calling themselves the state, would likely use violence against us if we were to allow those things.
If you post an offering in this forum, and are using an ID that previously was in use on BitcoinTalk, you MUST digitally sign a message on both venues verifying your identity as being the same.
If you are unable, or unwilling to do this, you may still use this forum, but you must choose a unique user name.
Please post your verification in the-suggestion-box/signed-message-verif ... =signature.
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