🛡️Smart Contracts

Smart Contracts: Smart contracts on IEX's blockchain are special protocols designed to provide, verify, and enforce contracts. They allow for traceable, irreversible, and secure transactions without the need for third parties. Smart contracts contain all the information about a transaction, and the result operation is only executed upon meeting the requirements. Unlike traditional paper contracts, smart contracts are computer-generated, and the code itself explains the parties' obligations. Essentially, smart contracts are digital contracts that only produce results when requirements are met.