A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. Smart Contracts are self-executing contractual states, stored on the blockchain, which nobody controls and therefore everyone can trust. Etc...
So what exactly can these be used for other than for what ordinary paper contracts are used? What does it mean to build an app with this? Is this just about developing digital wallets/baskets or what?
Yes, I am this stupid when it comes to this subject. I would really appreciate if somebody could direct me to an article/video/book that would explain the thing from the practical point of view for a plain old application developer having zero understanding of what's this all about.
So what exactly can these be used for other than for what ordinary paper contracts are used? What does it mean to build an app with this? Is this just about developing digital wallets/baskets or what?
Yes, I am this stupid when it comes to this subject. I would really appreciate if somebody could direct me to an article/video/book that would explain the thing from the practical point of view for a plain old application developer having zero understanding of what's this all about.