What are Smart Contracts in Crypto? (4 Examples + Animated)

What are Smart Contracts in Crypto? (4 Examples + Animated)

A new video of Whiteboard Crypto appeared on Youtube on May 9, 2021 and it received a big response from the Internet users.

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For your information, you can find below the description of the video What are Smart Contracts in Crypto? (4 Examples + Animated) published by the Youtube channel Whiteboard Crypto:

Are you wondering what a Smart Contract is? Well, a smart contract is an agreement between multiple people who agree that a piece of code will be executed if certain conditions are met. Right now, I know of 4 main use cases for Smart Contracts, and they are:

1) Flash Loans

2) Insurance

3) Token Switching (Decentralized Exchanges)

4) Buying and Selling real world representations

Watch our animated video on Smart Contracts to understand how each of these examples currently work and what their potentials are in the future!

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