Public Contract

Public Key Encryption is a cryptographic method that uses a pair of keys: a public key for encryption and a private key for decryption, ensuring secure communication.

A Public Contract is a type of smart contract designed to operate on a blockchain platform. These contracts are accessible to anyone on the network, allowing users to interact with them directly.The main feature of Public Contracts is transparency. Once deployed, the terms and conditions are visible to all participants, ensuring that they cannot be altered without consensus from the network. This openness fosters trust among users since they can independently verify the contract’s code and execution.Additionally, Public Contracts automate processes through predefined rules. For instance, they can facilitate transactions, manage asset transfers, or execute agreements automatically when certain conditions are met. This reduces the need for intermediaries and can lower costs associated with traditional contract enforcement.Overall, Public Contracts empower users by providing secure, efficient, and transparent ways to engage in various transactions and agreements without relying on centralized authorities.

Latest Resources and Blogs