Smart Contracts


#1

What is a Smart Contract, and how does Catenis utilize them?


#2

A smart contract also known as a “cryptocontract” IS a computer program that directly controls the transfer of digital currencies, or assets between parties, under certain conditions. Think of an if then statement, around receiving, storing, and releasing cryptocurrencies. Catenis intelligent contracts goes beyond cryptocurrency,and allows a computer program to trigger conditions based on receiving messages or assets, both inbound and outbond. Conditional logging, and smart asset creation. Messages or smart assets received can trigger other messages or other smart assets to be transferred log information, or create additional smart assets. These combinations, is an extremely powerful feature. And provides the true power and flexibility needed by industry for innovative solutions.