Advantages and disadvantages of using smart contracts – How to create a smart contract?

Advantages and disadvantages of using smart contracts – How to create a smart contract?

A classic contract is an oral or written agreement with a set of conditions. In the modern world, the fulfillment of contract conditions is guaranteed by the state. If one of the parties does not comply with the terms of the agreement, the court will determine the offenders and oblige them to bear responsibility. Such contracts are constantly found in everyday life: when renting an apartment, insuring a car or finding employment.

There are difficulties with classic smart contracts development . The specialist must compile the text of the document, otherwise, there may be gaps and inaccuracies in the terms […]

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