Superset

Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman. One of the best things about crypto - currencies and smart contracts is that anyone can transact globally without expensive intermediaries.One of the best ways to describe smart contracts is to compare the technology to a vendingmachine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get thedocument. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or other important document drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforces those obligations. All without the ex - penses and time required of legal counsel, banks and judges. Investing in decentralized networks is increasingly taking place through crowdfunding and crypto - currency ICOs. Yet, it is not easy for the average person or company to create a smart contract or raise funds from the cryptocurrency market. There are a couple of reasons for this. One of the most prominent reasons is the highly technical nature of cryptocurrencies and initial coin offerings. In the present state of the cryptocurrency market, if you want to create a smart contract or ICO (initial coin offering), you have to know how to write software, audit your code, deploy it on to a test network, and then run it on the live network, which is not possible for everyone. Otherwise, you have to pay someone who knows the programming language of the smart contract to translate your ideas in to a smart contract, test it, and then deploy it on the blockchain (and hope that they have done it correctly and are trustworthy). This constrains the entire cryptocurrency market by preventing or reducing what people can build and bring to market.