Smart Contracts

Introduction

Smart contracts are programmable digital agreements written on the blockchain. Once deployed, they cannot be modified or deleted. This technology significantly reduces the need for trusted intermediaries in contract creation and execution. Traditional contracts require lawyers and mediators to draft agreements and resolve disputes, whereas the terms of a smart contract are embedded in publicly verifiable, immutable code that executes automatically when predefined conditions are met.

How It Works

Smart contracts are written in Solidity, a programming language designed specifically for blockchain applications. This language enables the creation of contracts with predefined rules and logic. Simply put, their functionality can be described as: “If X happens, then do Y.”

Once written, the code is compiled into a machine-readable format called bytecode. Unlike human-readable programming languages, blockchains can interpret and execute bytecode directly, ensuring that contract rules are enforced. When a user interacts with a smart contract, the blockchain automatically processes the transaction and executes the required actions. These transactions require gas fees to cover computational costs.

Our trading algorithm is fully based on a smart contract running on the blockchain. The smart contract automatically processes trade transactions, manages round execution, and ensures fair profit distribution among pools.