What is a Smart Contract Option (in plain language, what does a smart contract mean)
What is a Smart Contract Option? In the digital currency derivatives market, sm
What is a Smart Contract Option? In the digital currency derivatives market, smart contracts can be used to price and measure the price of a specific asset. For example, when you use a coin to buy one option (e.g. $5) with a term of 15 or 30 days, the exercise price is the settlement date, which is the day after the expiration date.
This method is due to certain limitations in the contract. When the contract transaction is completed without limitations, the contract can only be executed once or multiple times. In other words, as long as users are willing to use the coin to trade options, it is possible. On the contrary, if it is not supported, the contract will automatically cancel this function.
What does a Smart Contract mean in plain language?
A smart contract is a type of computer language that ensures the security of the blockchain through encryption technology.
In traditional database systems, since no one can completely control their private keys and mnemonic phrases, it is impossible to create a single, irreversible, and trustless ledger. Therefore, we need to use smart contracts to achieve data transmission. However, most of the digital currencies on the market currently only trade in code (such as BTC), and the prices of these digital assets fluctuate greatly, making it difficult to understand for ordinary investors.
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