January 2021
Intermediate to advanced
516 pages
14h 7m
English
book
The Blockchain Technology for Secure and Smart Applications across Industry Verticals
by Neeraj Kumar, Shubhani Aggarwal, Pethuru Raj
Content preview from The Blockchain Technology for Secure and Smart Applications across Industry Verticals
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Chapter Fifteen: Blockchain 2.0: Smart contracts☆
Shubhani Aggarwal; Neeraj Kumar Thapar Institute of Engineering & Technology, Patiala, Punjab, India
Abstract
A smart contract is an agreement among the nodes on the blockchain network. They run on a blockchain and stored it on a public ledger. It is a computer protocol used to digitally facilitate, verify, or enforce the negotiation of a contract. The network transactions are run in a smart contract, which is processed and executed by the blockchain automatically. So, whenever a transaction happens between the nodes, a function is invoked that calls the smart contract, and the processing starts. Hence, the transaction can be submitted to any node on the blockchain, which broadcasts it ...
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