2Key smart contract infrastructure uses a variety of different contracts.
Each one has a specific function, and together they sync to our user reputation registry.
What is a smart contract?
A smart contract is a computer program that automatically tracks the execution of an agreement’s steps and processes sending payment when due. This automation enables the management of multiple smart contracts across extensive networks at no extra cost in time or money.
Why are smart contracts and blockchain a perfect fit?
Blockchain is the ideal technology to store smart contracts. As smart contracts’ data is encrypted on a shared ledger, it is impossible to lose or falsify the information stored in the blocks. The innate flexibility of smart contracts implies that developers can create an infinity of options to combine various types of data with the numerous transaction options available to deploy a smart contract on a blockchain.
Why are smart contract based campaigns better?
Smart contract based campaigns leverage blockchain’s in-built trustless, immutable, and secure characteristics to reliably and granularly track each individual referrer’s direct and indirect impact. A permissionless blockchain seamlessly welcomes all voluntary participants who can trust in the integrated transfer of value embedded in smart contracts. From its deployment to its conclusion, the entire campaign management, including tracking referrer’s activity and remunerating them, is fully automated.
2key Smart Contracts: