How the super rich are investing in cryptocurrency, in block-chain technology and application of smart contracts.
Understand that one of the reasons they have been able to keep track of their capital and evade corruption is found in understanding the following.
What are smart contracts?
A #smart_contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties.
These transactions are trackable and irreversible.
The aim of smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting.
This contract have to be confirmed every day, otherwise you will have to pay a penalty.
Gram is a #cryptocurrency. A feature of Gram is the high speed of transactions. Cryptocurrencies implemented on early blockchain platforms due to the low speed of transactions are more suitable for investment than for use as a payment tool. For inctance,
Bitcoin 7 transactions per second for all users,
Ethereum - 15.
Gram blockchain platform (https://lnkd.in/d5RGqZj) - millions of transactions per second. The crypto-analog of Visa and Mastercard.