What are Smart Contracts in Crypto? (4 Examples + Animated)

Рет қаралды 516,005

Күн бұрын

Are you wondering what a Smart Contract is? Well, a smart contract is an agreement between multiple people who agree that a piece of code will be executed if certain conditions are met. Right now, I know of 4 main use cases for Smart Contracts, and they are:
1) Flash Loans
2) Insurance
3) Token Switching (Decentralized Exchanges)
4) Buying and Selling real world representations
Watch our animated video on Smart Contracts to understand how each of these examples currently work and what their potentials are in the future!
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Пікірлер: 564

@Hannahbenowitz 11 күн бұрын

With the halving and the approval of Bitcoin ETFs, so many think bitcoin will exceed ($100k). I don't want to miss out on this chance. I want to invest my “$210k” savings now, but I'm worried if it's too late to make the most profit.

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My consultant says some investors will sell before the halving thinking the price will go down. It will go down but the whales and ETF's will eat it all up and then the rocket ship takes off.

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@gopherlee9427 2 жыл бұрын

Super underrated channel.

@WhiteboardCrypto 2 жыл бұрын

Thank you for the kind words! We appreciate it :)

@aaquilahamedpm 2 жыл бұрын

Can't agree more

@youssoufahmed1788 2 жыл бұрын

I totally agree. This is very informative and saved me hours of podcasts

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@@youssoufahmed1788 what podcast do you recommend

@marxcyberian5765 2 жыл бұрын

Absolutely! Couldn’t agree more with you.

@mariahhayes5089 11 ай бұрын

Once you actually start trading live and start to have profitable weeks/months. This kind of video will really start to make sense. So if you don't think it's helping you now, just come back when you're knocking on the door of consistently profitable.

@raymondbarnes5264 11 ай бұрын

100% right. The number 1 reason traders lose money is trading too large of a position due to no concept of risk management and money management and not spending enough time in the market. Here’s a tip. Imagine EVERY trade you initiate has a 30% chance of winning and 70% chance of losing and bet accordingly. Do that and I will guarantee you will start to see progress in your trading.

@theresagarcia1218 11 ай бұрын

I know traders that spend 70% of their time in the market and still don't make money.

@greenquake11931 11 ай бұрын

@@theresagarcia1218 This is just the way things are! 90% of the people who trade just don't have the capacity, understanding when it comes to making money from the market. If you want to be successful try seeking guidance when necessary, due to my line of work I can’t handle my portfolio so I just copy the trades of ‘MARTHA ALONSO HARA, my FA".

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@jonnyleverage 11 ай бұрын

This video, along with all the others of yours that I've watched is awesome! You truly have a gift for explaining these complex concepts in simple terms. Keep up the great work!

@bahadoorshanoorbasha8292 2 жыл бұрын

Pictures+Words give clarity than just words....these videos are the fastest way to learn crypto....Best I had seen. Thanks for the hard work put in.

@Tupsx57 2 жыл бұрын

Thank you for the explanation. Note that lawyers are not only hired to contest contracts. They are primarily used to review contracts prior to signing to ensure that the contract terms are as represented.

@marshmelows 2 жыл бұрын

This is really well explained, the drawn examples are fundamental, the script is good too! Thanks a lot!

@delmontee 2 жыл бұрын

This is the first video about digital contracts that makes complete sense, thanks!

@JorgeRodriguez95 2 жыл бұрын

I've been reading about crypto since last year, and you just made it look so simple about the whole variety of possibilities in the cryptoworld. Amazing work and please keep doing this!

@hycePT 2 жыл бұрын

Wow, it couldn't be explained any better. Great work

@VictoriaLisa959 3 ай бұрын

Watched the whole video great job my portfolio is diverse, with investment in digital currencies, gold silver, but not as much as I want.would like to add a lot of low cap altcoins too, just not sure how to go about it or where to buy the coins. Diversifying my $420k portfolio across the market to withstand inflation is my goal can you help me?

@hillaryrowland1 3 ай бұрын

Just find quality assets that have long term potential,and ride with those assets. I have found it takes someone who is very familiar with the market to make such good picks

@stephenbates6 3 ай бұрын

agreed it essential to diversify your portfolio while quality assets are a solid foundation you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $230k grow by 34% since may last year. Try the same , you never know

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Okay but is not luck, is all about having good investment plans most of all trading with a trustworthy expert. Watching professional trading videos and most especially connecting with the right person the digital world is full of unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put real money you start losing I understand and I passed through it all I'm very happy I'm profitable now

@Pyroscheme7-4 3 ай бұрын

Learned a lot. Helps to stop and repeat the information out loud to myself like I’m teaching. Thanks for the video.

@mysleniedozwolone2361 2 жыл бұрын

So easy to follow and so informative, thanks! You guys are underrated ❤️

@diving_element3126 2 жыл бұрын

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@textsmsmaster9884 2 жыл бұрын

Amazing Visual and Contextual Analogies using Smart Contracts without having to Muck it all up using the actual Solidity Coding .. Most Excellent Video! I subbed too

@gcheese25 2 жыл бұрын

literal life saver. It was really clear.

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Amazing content. Thank you for making this!

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This really is top notch content 👌🏼

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@emmalouiseparish5631 Жыл бұрын

Thank you so much this was incredibly clear and informative! I'm excited to watch more! Cheers!

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@juliabaeck4546 2 жыл бұрын

I really like how you answered the follow up questions :)

@themugwumpartist2396 2 жыл бұрын

Damn! Excellent explanation. Definitely deserve a sub. I hope you make quick review of the tokens as well like XRP, etc. What they do, their use cases etc.

@CosmicSeeker69 2 жыл бұрын

Theo has done a snap shot of the top 50 coins

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This was very informational. Thanks for making it. I searched for a more recent video explaining SCs since I didn't know how they worked. Glad I found yours. Will peruse your other videos as well.

@WhiteboardCrypto 2 жыл бұрын

Glad it was helpful!

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ts wrr

@branvens2322 2 жыл бұрын

I love how simple and easy to understand the video is ♥️♥️

@nathanwilson487 Ай бұрын

Love all of these videos! Thank you for your simple explanations. Getting into crypto and hearing people speak was like a different language. I'm learning so much!

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@BaltaRecords 2 жыл бұрын

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@NuggetChicken10 2 жыл бұрын

The last example makes me very excited about this concept

@AndyInLearning 2 жыл бұрын

Learning from whiteboard crypto like crazy! Cheers and thanks!

@SHIBPlanet 2 жыл бұрын

Brilliantly explained!!

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@dctrex 2 жыл бұрын

Thank you this explains so much, so well!

@miniepink4781 2 жыл бұрын

your explanation is incredible

@bidenbidenbidenbidenbidenbiden 3 ай бұрын

This was easy to understand, thank you so much.

@user-gc5kv3cd7j 2 жыл бұрын

This is much better explanation than the other two I just watched. Among the examples, I feel the insurance one makes the most sense. But only if the contract allows the insurance company bankrupt and not paying everyone in the worst case, otherwise seems hard to work for me. Like what if insurance wants to invest with the money it has, that’s the way insurance makes money right. Anyway, it probably will work after resolving the nuance, smart contract does sound very promising for a lot of stuff. But don’t overrate it either, I just heard in another video every achievement human made so far would be pale in comparison to smart contract, 🤔, ok I’ll stop being cynical here, she still has chance to be right

@tim_d_jong 2 жыл бұрын

great video ! but I've got a question, these smart contracts, do you have to write them yourself or is there like an app that can create an insurance for me and that I only have to say how much I want to get paid and how much I'm having to pay ?

@joaoalves7656 2 жыл бұрын

Great explanation! Thanks!

@MrStartupX 2 жыл бұрын

Bro its way cool u help us understand d concepts so easily. Kudos

@LordPagliarello 2 жыл бұрын

Thank you for this. Very informative

@linasuhail9503 Жыл бұрын

Amazing video thank you so much for this clear explanation!

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This was explained beautifully

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Ah, you are so excellent at explaining, even I understand it.😀

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I really love your videos ,keep up the good work

@Shenanigans000 2 жыл бұрын

Absolutely makes sense!!! Awesome video!!

@bornfree465 2 жыл бұрын

What a great video...awesome job bro!

@engr.omermasood7669 Жыл бұрын

This guy is a genius. Love his videos

@shubhodipchakraborty9414 2 жыл бұрын

Loving this channel! Extremely insightful. Just a couple of queries: what is the significance of the symbol ""?

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Marvelous explanation as usual ,....

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Excellent work; God bless you

@tsam273 Жыл бұрын

Best chanel I've came across on KZfaq

@isaacmcmanus1711 2 жыл бұрын

Great stuff! I'd like to take a screenshot of the final zoomed out summary as notes to reference later, but the video suggestion and subscribe button pops up too quickly.. plus the resolutions a tad low.. a small thing but is that available anywhere?

@defiwallettutorials9464 3 жыл бұрын

Very knowledgeable love the video will continue to follow u Guys 💯💯💯

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Nice upload with clear content ✅

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Everytime you say "you can't hire a lawyer" libertarians get tingles

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U are on wrong channel

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Assgasms

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thanks for all your great videos.

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Wow. Thanks for making blockchain concepts very easy to understand. Liked and subscribed.

@WhiteboardCrypto 2 жыл бұрын

Welcome aboard!

@yabuking84 2 жыл бұрын

Dude you just made me love blockchain, all I was thinking is that its just digital money, but with smart contracts wow!

@OKolt Ай бұрын

Bro you are the freaking GOAT

@thetravelers937 2 жыл бұрын

Amazing explanation man Thanks

@AdADglgmutShevanel 2 жыл бұрын

Awesome explanations!

@edison-hon 2 жыл бұрын

Can you explain how is possible for “Flash Loan” to buy at A exhange sell to B exchange with variant prices? I tot prices is Standardise in all platform? Are your meaning hold and sell?

@peterloaguejr.690 2 жыл бұрын

Incredible breakdown

@anonsolaris 2 жыл бұрын

Excellent & easy to digest, thank you! Sharing ^_^

@MisterZambie1 3 жыл бұрын

Very very clear! 👍🏻💪🏻

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y'all are the best hands down

@RehamTaay 2 жыл бұрын

I’ve been watching and rewatching all of your videos ever since I got into crypto [few weeks ago] and now I’m sending it to all my fellow nerdy friends too. Keep up the good work guy(s)!!

@mistertexaz 2 жыл бұрын

Are you trading/investing in any particular cryptos right now?

@raghurampb 2 жыл бұрын

Same here

@user-oe8sb3ok6e 2 жыл бұрын

U got new subscriber! Keep going ❤️❤️

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I will promote you on my italian podcast. Nice work bruh

@magdak69 8 ай бұрын

Thank you so much🎉

@yuliyacher67 7 ай бұрын

Thank you!

@RayCollinsExodica 2 жыл бұрын

Thanks Guys this video is extremely informative for someone's like me learning utility of crypto

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Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it.

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Venturing into the bitcoin without an adequate orientation with a professional broker for accurate signals, you might lose all your hard-earned money

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Binary trading is a good and reliable way of building wealth which also create opportunities for crypto Believers.

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@Future_ology 2 жыл бұрын

New Sub for sure. Thanks for this video

@nfisher6502 2 жыл бұрын

Thanks, great talk.

@TheSuperHeroOfLove 2 жыл бұрын

Learnt so many things! That flash loan thing was really intriguing

@Helena.cristhy 7 ай бұрын

Which kind of The program do you use to made the video ? Subscribes videos ? That's awesome

@cheterete5043 2 жыл бұрын

NOT EVEN A MINUTE AND I UNDERSTOOF WHAT I COULDNT IN A MONTH HELL YEAH

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Great content ! Just subscribed

@Danger_us86 2 жыл бұрын

How do you make your animations? They are so clean and is a huge help for understanding what you’re teaching. Thank you so much and continue doing gods work!

@CosmicSeeker69 2 жыл бұрын

one buys a animations program - simple