A Visible Contract refers to a type of smart contract on a blockchain that is easily accessible and verifiable by all participants. Unlike traditional contracts, which may be private and opaque, these contracts are stored on a decentralized ledger, making them transparent and tamper-proof.These contracts execute automatically when predetermined conditions are met. As they are visible to all network participants, this eliminates ambiguity and fosters trust among users. Any participant can audit the contract’s terms and conditions, ensuring accountability.The concept emphasizes transparency and security, addressing concerns about fraud or dispute in agreements. By utilizing blockchain technology, Visible Contracts can streamline processes in various sectors, including finance and supply chain management, creating efficient and reliable interactions among users.
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