In the cryptocurrency world, a smart contract is defined as an application or program that runs on a blockchain. Usually, they work as a digital agreement enforced by a specific set of rules. These rules are predefined by a computer code that is replicated and executed by all network nodes. Blockchain smart contracts enable the creation of trusted protocols. This means that two parties can make commitments over blockchain without having to know or trust each other. They can be sure that the contract will not be executed if the conditions are not met. In addition, the use of smart contracts can eliminate the need for intermediaries and significantly reduce operational costs.
In addition, web-based front-ends (DApps) can be created based on a smart contract. A DApp is decentralized due to the characteristics of the smart contract. This means that a copy of the DApp's smart contract is stored on each node in the blockchain.
WAVE also uses smart contracts and offers a variety of options to its users. Users can easily create their own token on the WAVE blockchain and fund their project this way, issuing it as an ICO or digitizing their existing business or organization through tokenization. ,,Click here to know more about the ICO Platform,,
Create performant, secure and auditable smart contracts in a development environment that is comfortable and familiar to C # .NET developers.
Wave Smart Contracts in C # are aimed at companies and individuals interested in developing a secure, immutable (legally binding) agreement that is transparently represented in code. This agreement can be related to WAVE payment, but can also be related to one or more other assets.
You can invoke a smart contract when a transaction is added to a blockchain. Depending on how the smart contract is programmed, it affects assets for which WAVE has control. For example, if certain criteria are met, a smart contract can redistribute the WAVE Coins it contains. Smart contracts thus enable digitally enforced commitments between blockchain participants, removing reliance on third parties.
Web-based front-ends (DApps) can be created to be based on a smart contract. A DApp is decentralized due to the characteristics of the smart contract. A copy of the DApp's smart contract is stored on each node in the blockchain.