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features of smart contract development

There are some useful features of smart contract development.

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features of smart contract development

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  1. SMART CONTRACT DEVELOPMENT PRESENTEDBY ManveerSandhu

  2. FeaturesOfSmartContractDevelopment Distributed- Any smart contract is replicated and distributed by all thenodesconnectedtothenetwork.Everyoneisguaranteedtohave acopyoftheestablishedconditionsandtheycannotbechangedat willbyoneoftheparties. Deterministic-Theycanonlyperformactionsforwhichtheyhave beendesigned,butonlywhenthegivenconditionsaremet.The endresultwillnevervary,nomatterwhoexecutesit.

  3. Autonomous-Theyhavetheabilitytoautomateanytypeoftask,workingas a program with auto-executables. Normally, if a smart contract does not receiveanactivation,itwillremainonholdanddonothing. Immutable- When they are released to the network they can no longer be modified.Oncedeployedtheycanonlyberemoved,aslongasthisparticular functionhasbeenimplementedpreviously.

  4. Customizable-Theyhavetheabilitytoadjustthecodebeforebeing launchedtodowhatwewant.Theycanbeusedforthecreationof differenttypesofdecentralizedapplications(DApps). Trustless-Thesearenotrequiredbytrustedthirdpartiestoverifythe integrity of the process and that the marked conditions are met. In addition,blockchaintechnologyisworthyoftheaccuracyofthedata.

  5. LBMSolutionsisaleadingSmartContractDevelopmentCompanythatefficiently uses both Blockchain and Smart Contract technology to offer custom Smart ContractDevelopmentservicesfordifferentindustries. CONTACTUS GR Tower, 3rd Floor, Phase 8-A, IndustrialArea,SahibzadaAjitSingh Nagar,(Mohali)Punjab140308 tel:+91-8448443318 www.lbmsolutions.in

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