A Smart Contract Protocol is a set of rules and procedures that enable self-executing contracts on a blockchain. These contracts automatically enforce and execute terms based on predefined conditions, eliminating the need for intermediaries.The protocol uses code to represent the agreement between parties. Once the conditions are met, the contract triggers actions like fund transfers or data updates. This automation enhances efficiency and reduces risks associated with manual handling.Smart Contract Protocols are built on various blockchain platforms, with Ethereum being one of the most notable. Developers can create decentralized applications (dApps) using these protocols, allowing a range of functions from financial transactions to governance systems.The transparency and security offered by Smart Contract Protocols make them appealing for industries such as finance, real estate, and supply chain management. They foster trust by ensuring that all parties adhere to the agreed terms without external intervention.
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