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:
https://discord.gg/D7hGbB5AuH
Explore More Whiteboard Crypto:
Facebook: @whiteboardcrypto
Instagram: @whitreboardcryptoteam
Website: www.whiteboardcrypto.com