A non-interactive contract is a type of agreement in which the terms and execution do not require ongoing engagement between the parties involved. Once the terms are established and set into the system, the contract automatically executes when predetermined conditions are met.This approach reduces the need for constant communication, as the execution is handled by smart contracts on a blockchain. Once deployed, the logic is immutable and operates without further input from the involved parties. Non-interactive contracts are particularly useful for automating processes such as payment releases, fund distributions, or token transfers. For example, a non-interactive contract can trigger a payment when a specific event occurs, like the completion of a task or reaching a milestone.This automation lowers the risk of disputes and ensures that transactions are carried out transparently and efficiently. Overall, non-interactive contracts streamline operations and enhance trust, as they eliminate the need for intermediaries.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to