FAQ

How does the smart contract work?

Interested in knowing how CrypScrow issues escrow smart contracts? A number of exchange platforms have found large success using smart contracts. This post will show you what smart contracts are and how they work in an understandable way. Misconceptions are that blockchain can’t run smart contracts. Let’s use the Ethereum blockchain to explain. Smart contracts, although it uses an open-source, don’t allow your funds to be twiddled by. WHAT IS THE PURPOSE OF SMART CONTRACTS? Why do people need contracts in the first place? Simply, they don’t trust people even with those they don’t have a purported agreement with. If you don’t trust the realtor down the street to sell your house without an agreement, would you trust a person you’ve never seen with the sale of funds online? ...