Blockchain-based smart contract construction and execution steps

According to the trigger conditions contained in the event description information, the smart contract system automatically sends preset data resources and events including trigger conditions from the smart contract when the trigger conditions are met; the core of the entire smart contract system is that smart contracts use transactions and The way events are processed by the smart contract module is still a set of transactions and events; the smart contract is just a system composed of transaction processing modules and state machines; it exists only to allow a set of complex digital commitments with trigger conditions to Execute correctly according to the will of the participants.

Blockchain-based smart contract construction and execution steps
Smart Contract System

Let’s talk about the construction and execution steps of smart contracts based on blockchain:

1. Multiple users jointly participate in formulating a smart contract;

2. The contract is spread through the P2P network and stored in the blockchain;

3. Smart contracts built on the blockchain are automatically executed.

As the popularity of blockchain technology slowly increases, more and more people are beginning to study blockchain. As a new invention, blockchain can be applied in many aspects, including digital assets that we often hear about.

The application of blockchain to digital assets happened many years ago. It should be said that without the popularity of digital assets, blockchain< /span> is also difficult to be taken seriously. Therefore, blockchain and digital assets can also be said to be a mutually reinforcing relationship. However, due to the continuous improvement of blockchain technology, the breadth of its applications is also increasing.

Blockchain technology has been studied for many years and has been recognized by many places. Now, blockchain is still the focus of research.

The development of public chain systems has become a new and more prominent project. The public chain can be said to be the development of a new chain, rather than based on chains such as Bitcoin or Ethereum. Such a chain is more stable and will not be affected by The impact of the main chain. Public chain system development is not that easy. In addition to its own technical difficulties, it also involves issues such as application implementation, ecological construction, talent structure, and financial security. Therefore, companies that can develop public chain systems also need to have sufficient strength. ongoing.

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