What exactly is a "smart contract"?

basically just some code that lives on the blockchain and does something when you send it coins or whatever.

It means something something whitepaper roadmap decentralized buy my coin please deal sir ,my friend, OK daddy hot

It means shitcoin

>>3213755

You have two parties who make a deal. The smart contract is the neutral and independent entity that watches over the deal. You can write into the contract whatever you want and the contract will follow that and Marke sure that everyone gets what he deserves (bets, last will, trades,...).

>>3213811
So nothing unique and any coin can do it?

>>3214057
fucking brainlet

>>3214071
Ive seen tons of coins that say they offer smart contracts

>>3213759
So I can write up some code attached to a wallet address and use it for things like e-commerce, fundraising, distributing dividends, etc?

>>3214099

yes

>>3213759
kek, just bought 100k

It's literally a buzzword for business logic, which computer programs have been doing for decades.

So a smart contracts competition is... paper contracts?

>>3213755
educate yourself
www.youtube.com/watch?v=_MaGkPBoFc4&feature=youtu.be

Shitcoin within a shitcoin.

>>3214110

go to sleep

>>3213755
something that Rajiv Prapoot Shitastreet will leave a bug in, causing your rent payments to get hacked