A Beginners Guide to the Benefits of Decentralized Gambling Using Smart Contracts


Gambling online can be very unsafe when you use traditional online casinos, but decentralized gambling using smart contracts gives you a safer way to gamble online according to Trust Roll.
Safety First
This article will explain why decentralized gambling using smart contracts is more secure than traditional online gambling and how it works. You will be able to understand this even if you have no prior knowledge of blockchain or smart contracts.
Decentralized gambling takes away control from casinos and gives the control to a software managed by clear and transparent rules that cannot be manipulated by anyone once deployed. When you engage in decentralized gambling, unlike traditional casinos, you and the decentralized casino have equal power, knowledge, and control. This why the Trust Roll team believes they can provide a superior gambling platform.
In this article, 3 major points are covered:
- Why and how you can easily be scammed if you gamble your money in a conventional online casino.
- How smart contracts work (in a way that anybody can understand).
- Why decentralized online casinos are fundamentally more trustworthy than traditional online casinos.

Risks of Traditional Online Gambling
There are many risks associated with using a traditional online casino to gamble. These risks include:
- You don’t know how the game works or if it even works because the game’s inner workings are kept private.
- You can never be sure if your money will be paid out or not.
- Because of a lack of transparency, you never know if the game you are playing is fair or not.
All these risks are mitigated when you use a decentralized casino to gamble because they are governed by smart contracts rather than by people or companies who may have an interest in scamming you of your hard-earned cash.
In a traditional online casino, the casino is a host and a decision-maker. In a decentralized online casino the casino is only a host. It is not a decision-maker. The only decision-maker is the smart contract.
You have no real guarantee that a conventional online casino will not run off with your money. Even a great reputation is not an absolute guarantee. Smart contracts provide near-absolute guarantees.
By using decentralized gambling apps like Trust Roll, you are ensuring:
- Trust: Trust the system because it is governed by smart contracts.
- Security: Your money is secured by the blockchain. Blockchain is one of the most secure technologies we have to date.
- Transparency and Fairness: The transaction is available for anyone to verify; therefore, there is transparency and fairness.
How Do Smart Contracts Work?
In order to understand how a smart contract works in an online casino, you must first understand how a smart contract works in general. Essentially, smart contracts are pieces of code. They are software programs. A smart contract is a program stored on the blockchain.
Think of a smart contract like a vending machine. Just like vending machines, smart contracts are programs that have three main functions:
- They store certain rules.
- They verify the conditions of the rules.
- They self-execute without human involvement.
This may seem confusing and abstract at first, so let’s paint a fuller picture. Most people are familiar with how a vending machine works:
- You insert coins into a vending machine and select the item you wish to purchase.
- The vending machine verifies that you inserted the correct amount of money for the item you wish to purchase.
- If the amount of money you inserted in the vending machine is correct, it gives you the item you requested. No humans involved.
Basic Function
At the most basic level, this is how a smart contract works. A smart contract stores certain rules. If a certain event happens, then a different event is triggered. These are called if-then rules. In the case of a vending machine this is: if you insert the correct amount of money, then the vending machine will dispense the item you selected.
Now, replace “vending machine” with “smart contract”. In the case of a smart contract in a decentralized online casino like Trust Roll: if you win a certain game, then the smart contract will release your winning funds.
Verification
A smart contract verifies that an event that is supposed to happen actually did (or did not) happen. In the case of a vending machine this is: if the vending machine item you selected is priced at $2, the vending machine will check whether you inserted $2 or not. If you inserted $2, then the machine will give you what you asked for. If you inserted $1 then the machine will not execute your request. If you insert $3 the machine will give you what you asked for then provide you with your change.
Now, again, replace “vending machine” with “smart contract”. In the case of a smart contract in a decentralized online casino like Trust Roll this is: you are playing a game of Dice. If you are supposed to roll dice at 3-3-3 to win $100, the smart contract will check whether or not you have rolled 3-3-3. If you have rolled 3-3-3, then the smart contract will provide you with the funds you won. If you did not roll 3-3-3, then the smart contract will not provide you with earnings.
Self-Executing
A smart contract is self-executable. It does not need human involvement to work.
In the case of a vending machine this is: Once the vending machine verifies that you have inserted the amount of money you need to purchase the item that you selected, it gives you the item you selected. There is no human inside the vending machine executing the commands. The machine executes the rules without human involvement.
In the case of a smart contract in a decentralized online casino like Trust Roll this is: Once the smart contract verifies that you have met the conditions of winning the game, it will provide you with the funds you have won. There is no human needed to approve or disapprove the contract. The contract executes itself without any human involvement. That being said, a smart contract is considerably safer and more trustworthy than a vending machine.
Decentralization and Trust
Now that you understand the basics of how a smart contract works you might be thinking, “But, a vending machine can be rigged”. A vending machine is usually owned by a company who may have an interest in rigging it. The same logic can be used to think of traditional online casinos that are not on the blockchain.
A traditional online casino can be rigged because they are governed by companies and people who may have an interest in rigging the casino in various ways. When decision-making is left up to humans, things can go wrong in multiple ways.
Unlike a vending machine or a traditional online casino, a smart contract cannot be rigged because it is not governed by a company or by a particular person - it is governed by the blockchain. Decision making in a smart contract is not left up to humans, the software decides everything.
Smart contracts, just like cryptocurrency, have two main characteristics:
Immutability
Smart contracts are immutable: that means they cannot be changed. Once a contract has been created, nobody can change it. So, a casino cannot change the terms of the game.
If you play Dice and the rules of the game are roll 3-3-3 to win $100, then nobody can change those rules. Nobody can manipulate the game. If you roll 3-3-3 no company or person (no matter how big or powerful they are) can stop you from earning the money you won.
Smart contracts are made up of pieces of code and these pieces of code cannot be changed by anyone whatsoever.
In a traditional casino, you never actually know what happens behind the scene. In a decentralized blockchain-based casino everything is in the light.
Verifiable by Anyone
Smart contracts are distributed and decentralized. The content of the contract and the legitimacy of the contract can be verified by everyone and anyone on the network.
In a conventional online casino, all your dealings are just with the casino. Nobody knows what really happens behind the scenes. The casino has more knowledge than you. Therefore, the casino has more control and power than you do.
In a decentralized blockchain casino, nothing is behind the scenes. You are protected because everybody on the blockchain network is looking out for you. The casino is not in control. You and the casino have the same amount of knowledge, control, and power. Everybody on the blockchain can view and verify the contract, not just the casino.
Trust Roll uses Binance Smart Chain (BSC). Anybody anywhere can verify smart contracts issued and executed on BSC. For example, you can use BscScan to verify the integrity of Trust Roll games.
You can also read more about how Trust Roll works using BSC.
Benefits of Decentralized Gambling Using Smart Contracts
Now that smart contracts have been introduced to the gambling world, there is minimal reasoning to risk your cash with a traditional online casino where processes are opaque.
You always want to be knowledgeable and feel safe when you are putting your hard earned cash on the line. Here are some of the benefits of gambling using smart contracts:
- They cannot be manipulated by any one or any company once they have begun.
- They put you and the casino on equal footing, you hold the same amount of control, knowledge, and power as the casino.
- They are fully automated and are able to hold funds. No human can interfere in the process or hold your earnings (or losses) away from you, everything is fully automated by the software (smart contract).
- You can guarantee that you are not being scammed as everything is transparent and out in the open.
- You can remain anonymous.
- Everything is decentralized, no person, company, or government can interfere with the execution of the smart contract.
Unlock all of these benefits and gamble with peace of mind by playing games on Trust Roll - a decentralized gambling application on BSC. Tst out how decentralized gaming works on Trust Roll for free here.
For more information about Trust Roll, visit the following links:
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Thanks to DigiToad's distinctive concept and strong community support, investors can look forward to promising growth prospects.
DigiToads (TOADS) has quickly emerged as a top competitor to Solana (SOL) and Binance Coin (BNB) in the world of cryptocurrency. With its innovative approach of combining meme coins with NFT staking, DigiToads is offering investors exciting opportunities for growth and long-term profitability. Here are a few reasons why DigiToads is emerging as a top competitor to Solana and BNB.

DigiToads (TOADS) Changes The Game
Unique Concept
While Solana and Binance Coin are well-established cryptocurrencies, DigiToads stands out for its unique concept of combining meme coins with NFT staking. This innovative approach has attracted a lot of attention from investors looking for something new and exciting. DigiToads allows users to stake their NFTs to earn TOADS, the native cryptocurrency of the platform. The more NFTs a user stakes, the higher their potential rewards. This creates a unique incentive for users to collect and hold onto NFTs rather than simply buying and selling them for profit.
Community Support
Like Solana and Binance Coin, DigiToads has a strong community of users and supporters who are invested in its success. This community support is essential for any cryptocurrency to thrive, and DigiToads has been able to attract a dedicated following thanks to its unique approach and potential for growth. By encouraging community involvement and engagement, DigiToads is creating a sustainable ecosystem that benefits both users and developers.
High Growth Potential
Solana and Binance Coin are both well-established cryptocurrencies that have seen significant growth in recent years. However, DigiToads has the potential to outpace them both in terms of growth and profitability. With its unique concept and dedicated community support, DigiToads is poised to become a major player in the world of cryptocurrency. As more investors become aware of its potential, the value of TOADS is likely to increase significantly, providing early investors with exciting opportunities for growth and profitability.
DigiToads has already set itself apart from the competition by prioritizing community engagement and participation. Unlike many other tokens, DigiToads' focus is not just on speculative investing but also on building a thriving community of holders who can actively participate in the project's growth.
Comparing with Solana and Binance Coin
While Solana and Binance Coin are well-established and have seen significant growth in recent years, they are not without their limitations. Solana has faced some technical difficulties, leading to network congestion and increased transaction fees. Binance Coin, on the other hand, is closely tied to the Binance exchange, which has faced regulatory scrutiny in some jurisdictions. DigiToads, on the other hand, is not tied to any centralized exchange and offers a unique approach that sets it apart from other cryptocurrencies.
DigiToads (TOADS) Ready To Soar At Launch
Overall, DigiToads is emerging as a top competitor to Solana and Binance Coin in the world of cryptocurrency. With its unique concept, community support, and high growth potential, DigiToads is offering investors exciting opportunities for growth and long-term profitability. As more investors become aware of its potential, the value of TOADS is likely to increase significantly, making now the perfect time to get involved in the presale.
USE CODE: FINTECH10 FOR 10% EXTRA TOKENS ON YOUR NEXT DIGITOADS PURCHASE
Visit the following links for more information on DigiToads:
Website | Presale Registration | Join The Community
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Chainlink Weekly Roundup: Product Update, PwC, Steadefi, SteakHut, Ainslie Bullion

Smart contract oracle network Chainlink released a major Product Update and announced partnerships with PwC Germany, DeFi protocols and an Australian precious metals dealer.
Web3 Inevitability, Enterprise Blockchain, DeFi, Metals
It was another big week for Chainlink. Crypto’s dominant smart contract oracle network made major announcements involving a Big Four accounting firm, two yield aggregators and a metals dealer.
In this week’s roundup:
- Chainlink issues first Product Update.
- PwC Germany and Chainlink forge strategic collaboration.
- Steadefi joins Chainlink BUILD.
- SteakHut integrates Automation.
- Ainslie Bullion integrates Price Feeds.
Chainlink Issues Product Update
Chainlink issues its first Product Update, a wide-ranging overview of progress from the company since SmartCon 2022.
“Our goal is to bring more transparency and insight into the development of Chainlink as a platform. We do so by providing a quick summary of each product, sharing recent deployments since last September, and showcasing areas of current research and development that are actively being explored for future product iterations,” according to the blog post from Chief Product Officer Kemal El Moujahid.
Areas covered in the update include:
- Data
- Data Feeds and Data Products
- Functions
- Proof of Reserve
- DECO
- Compute
- Automation
- VRF
- Fair Sequencing Services
- Cross-Chain
- Cross-Chain Interoperability Protocol
- Chainlink Developer Community Building
Thank you to the @chainlinklabs teams building incredible products and to all the Web3 developers building our future!
— kemal el moujahid (@kelmoujahid) March 22, 2023
If you want to learn more about our vision and roadmap, join me on the #Chainlink Discord Thursday, March 23 at 1 PM EST. https://t.co/VIBhrYdrYi https://t.co/X5aVfM77rf
Collaboration With PwC
Chainlink has entered into a strategic joint business relationship with PwC Germany to help accelerate enterprise blockchain adoption.
PwC is one of the “Big Four” accounting firms, a label applied to the world’s largest financial professional services networks.
"We're pleased to enter into a strategic partnership with Chainlink Labs as integration & development partner to help accelerate the enterprise adoption of blockchain technology," said Dimitri Gross, Technology Interest Group Lead for Digital Assets and Crypto at PwC Germany, in a press release. "PwC Germany and Chainlink Labs aim to help accelerate enterprise adoption of blockchain technology in key enterprise sectors such as capital markets, ushering in a new era of transactional security, transparency, and efficiency."
The goal of the collaboration is for Chainlink and PwC Germany to support business enterprises develop blockchain solutions that utilize Chainlink middleware.
"We're excited to support PwC Germany through this strategic collaboration, which will help enterprises securely connect their existing systems to all major blockchain networks," said William Herkelrath, managing director of business development for Chainlink Labs. "By interacting with the blockchain economy through Chainlink, enterprises can begin realizing the transformative power of smart contracts and blockchain oracles."
PwC Germany (@pwc_de) has entered into a strategic collaboration with @ChainlinkLabs to accelerate enterprise #blockchain adoption.
— Chainlink (@chainlink) March 22, 2023
This collaboration supports enterprises in seamlessly interfacing with blockchains via #Chainlink’s secure middleware: https://t.co/VkSPNUS7Vg pic.twitter.com/b69gHXFM20
Steadefi Joins BUILD
Steadefi has joined the Chainlink BUILD Program to accelerate adoption of the Decentralized Finance (DeFi) platform’s automated “smart-hedging” strategies.
“We are excited to join Chainlink BUILD, which we believe will greatly help drive the adoption of Steadefi’s next-gen DeFi automated strategy vaults. Chainlink’s Web3 services are essential for any protocol that value security and reliability, and we plan to leverage the full suite of services that Chainlink can offer such as Chainlink Data Feeds and Chainlink Automation to support our strategy vaults. Ultimately, joining BUILD will help us provide more people with access to Steadefi’s innovative, efficient, and safe strategies,” Steadefi Project Lead Jeff Lam said in a blog post.
The yield aggregator provides users with a variety of strategy vaults from protocols including GMX, Trader Joe and Pangolin, featuring automated position management.
As part of BUILD, Steadefi will receive access to new Chainlink product alpha and beta releases, dedicated technical support from the Chainlink ecosystem, and more.
In return, Steadefi has committed 3% of its total token supply to Chainlink service providers, including stakers.
🏗️ #ChainlinkBUILD 🏗️
— Chainlink (@chainlink) March 22, 2023
@steadefi has joined Chainlink BUILD to accelerate the adoption of its automated smart hedging strategies.
In return, Steadefi will make 3% of its total native token supply available to #Chainlink service providers.https://t.co/mICW3gnQkf pic.twitter.com/EyHFRKAUdd
SteakHut Integrates Automation
Liquidity and yield aggregator SteakHut has integrated Chainlink Automation to manage liquidity in the protocol’s yield aggregation vaults and reduce centralization risks.
“Without Chainlink Automation, we would either need to maintain in-house infrastructure or manually trigger liquidity management functions in SteakHut vaults. The highly reliable Chainlink Automation service helps make our lives easier so we can focus solely on building more advanced liquidity management strategies,” SteakHut CoFounder and Lead Developer Wagyu said in a Medium post.
SteakHut is a decentralized market-making platform on Arbitrum and Avalanche where users can deposit their tokens for liquidity on Trader Joe.
.@steakhut_fi has integrated #Chainlink Automation on #Arbitrum and #Avalanche to help trigger liquidity management functions in its vaults.
— Chainlink (@chainlink) March 24, 2023
Explore how Automation helps yield aggregators create more sophisticated liquidity management strategies👇https://t.co/90Aobah6Ci
Ainslie Bullion Uses Price Feeds
Australian precious metals dealer Ainslie Bullion has integrated Chainlink Price Feeds to help price metals such as gold, silver and platinum on its platform.
“Chainlink Price Feeds underpin the DeFi economy with highly secure, reliable, and decentralized market data. We’re excited to bring more transparency and reliability to our clients by using Chainlink to help price precious metals for both traditional bullion products and our AUS and AGS tokens,” Ainslie Bullion Director Paul Engeman said in a statement.
Price Feeds will also be used to price Ainsle Bullion’s gold and silver digital tokens $AUS and $AGS.
.@AinslieBullion is now using #Chainlink Price Feeds to help accurately price physical & tokenized precious metals like gold and silver.
— Chainlink (@chainlink) March 23, 2023
Explore how Chainlink Price Feeds help increase transparency and reliability for precious metals pricing ⬇️https://t.co/8UMduM9kWP pic.twitter.com/LaQ8eCxgvG
Last four weekly Chainlink Roundups:
- March 19: Lekker Finance, Gunther’s Rich Dog, BiggerMINDS, PLEXUS
- March 12: LendeXe, Planet IX, Sneaky Vampire Syndicate
- March 5: Base, Functions, Konnect, 0xCord
- Feb. 26: StarkNet, TrueUSD, Radiant, ETHDenver
What is Chainlink:
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offers global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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LFGSwap Enters Arbitrum Ecosystem, Outlines Next Development Plan
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LFGSwap will deploy its ecosystem functionalities and native $LFG token on Arbitrum. The DEX looks to tap into Arbitrum’s secure, fast, and cheap network.
LFGSwap Goes Live on Arbitrum
Core-based Decentralized Exchange (DEX), LFGSwap, has entered the Arbitrum ecosystem. Both the protocol’s products and the $LFG token will go live on the EVM-compatible blockchain.
Following the announcement on March 20, the platform aims to become the leading DEX on Arbitrum, with the largest traffic, most users, and strongest Meme attributes. The protocol also confirmed the news with BSC News, stating its plans to collaborate with Arbitrum officials to develop its growing ecosystem.
“We’re excited to announce that LFGSwap will be live on Arbitrum! Both the LFGSwap product and tokens will be deployed on #ArbiturmOne. We will work closely with Arbitrum officials in regard to community building and ecosystem development. LFG!” LFGSwap wrote to BSC News.
Arbitrum provides a suite of Ethereum scaling solutions that are secure, cheap, fast, and EVM-compatible. Further, integrating Arbitrum will help expand LFGSwap’s development in the Decentralized Finance (DeFi) space and attract more users.
LFGSwap’s next step toward development will be to deploy its existing functionalities, such as the Wolf of Wall Street Non-Fungible Token (NFT), Initial DEX Offering (IDO) launchpad, and $LFG tokenomics on Arbitrum. According to the protocol’s Medium publication, users can move their tokens across all active chains on LFGSwap.
“We are working on a viable solution for $LFG to move freely and securely between ETHW, CORE, and Arbitrum. In the case of integrating Arbitrum, holders of $LFG (ETHW/CORE) can exchange their tokens for $LFG on Arbitrum,” the blog read.
LFGSwap’s Medium blog has more information about $LFG tokenomics on Arbitrum, including cross-chain rules for bridging the token to the network. You can learn more about the $LFG IDO on Arbitrum HERE. The IDO is scheduled to kickstart on March 26 at 13:00 UTC.
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Website | Docs | Twitter | Discord
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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yPredict.ai Unveils Next-Gen Payment Gateway for Token Purchase - Developed in Record Time

yPredict.ai's new innovative solution aims to streamline the token purchase process for both old and new crypto users.
The team at yPredict.ai has made a significant breakthrough by developing a cutting-edge payment gateway for purchasing their tokens in the presale and public sale stages. This innovative solution aims to provide an effortless and seamless experience for token buyers, who can now purchase tokens in just a few clicks. What sets this payment gateway apart is that it was created in a record-breaking 24 hours - a testament to the team's exceptional expertise and commitment.
With its state-of-the-art security features and user-friendly interface, the payment gateway is set to make a significant impact in the cryptocurrency world, transforming the way investors acquire tokens. This development is a game-changer for yPredict.ai, positioning them as a leader in innovative cryptocurrency solutions.
Visit yPredict.ai Presale Page

The launch of its new payment gateway enables investors to buy tokens from the native currency of the three most popular chains - Ethereum, BSC, and Polygon - additionally through the USDT token. This payment gateway is an initiative of the team at yPredict.ai to make the token purchase experience easier and more accessible for everyone, including those new to the world of crypto.
What sets this payment gateway apart is that investors do not require any defi wallet to purchase yPredict tokens. They can directly send withdrawals to the one-time wallet address presented on the screen. The developers at yPredict.ai have built this payment gateway in less than 24 hours, making it easy for newbies in crypto to participate in the token sale with ease.
According to the team, the new payment gateway was developed to avoid high transaction fees charged by other crypto payment providers and provide a seamless experience to everyone interested in investing in yPredict.ai. The team's vision is to make the token sale process more accessible and user-friendly for investors, and this new payment gateway is a step in that direction.
The yPredict.ai team is confident that this new payment gateway will make the token purchase process easy and efficient for investors, and it's an excellent opportunity for everyone to invest in the future of blockchain. Don't miss out on this opportunity to be a part of this revolutionary platform. Visit the yPredict.ai website to learn more and participate in the token sale.
Visit yPredict.ai Presale Page
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $290. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Exploring the Power and Potential of Smart Contracts with Chainlyze

We explore the concept of smart contracts, how they work, their benefits and risks, and how individuals and businesses can leverage their power with the help of Chainlyze, a blockchain analytics platform.
Smart Contracts 101
Smart contracts have become an integral part of the blockchain ecosystem, enabling secure and efficient transactions without the need for intermediaries.
In this article, we'll dive into what smart contracts are, how they work, and their benefits and risks. We'll also take a closer look at how Chainlyze, a blockchain analytics platform, can help individuals and businesses understand and leverage the power of smart contracts.

What is a Smart Contract?
A smart contract is a self-executing contract that automatically executes the terms of an agreement when all conditions are met. The contract lives on the blockchain and is secured by cryptography, making it virtually tamper-proof. Smart contracts can be used to automate a wide range of tasks, from financial transactions to supply chain management.
How Does a Smart Contract Work?
A smart contract must satisfy three conditions to execute: specificity, subject, and signature. The terms of the agreement must be well-defined and reviewed, the programming must be relevant to the task at hand, and all parties involved in the contract must indicate their approval for the contract to begin execution. Once these conditions are met, the contract executes automatically, providing fast and secure transactions.
Benefits of Smart Contracts
Smart contracts offer several benefits over traditional contracts, including autonomy, increased security, high performance, and reduced operational costs. Because smart contracts are self-executing, there is no need for intermediaries, which reduces costs and speeds up transactions.
Additionally, smart contracts are highly secure due to their cryptographic nature, and they can automate complex processes, leading to increased efficiency.
Risks of Smart Contracts
Despite their many benefits, smart contracts do come with some risks. Coding errors can lead to vulnerabilities that can be exploited by attackers, leading to loss of funds or prolonged downtime. It's important to thoroughly review and test smart contracts before deploying them to the blockchain.
Leveraging Smart Contracts with Chainlyze
Chainlyze is a powerful blockchain analytics platform that can help individuals and businesses understand and leverage the power of smart contracts. With Chainlyze, users can analyze smart contracts for vulnerabilities, test and optimize smart contract performance, and gain valuable insights into blockchain transactions.
In conclusion, smart contracts are a powerful tool that can revolutionize the way we conduct transactions and manage complex processes. With the help of platforms like Chainlyze, individuals and businesses can leverage the power of smart contracts while minimizing risks and maximizing benefits.
About Chainlyze:
Chainlyze is a platform that allows you to identify or monitor where the smart money flows, move to identify new trade opportunities and trace historical activity. With an overview of top user wallets, you can map out the activity of leading figures in the industry. Alongside this, the team has outlined its focus on keeping their users informed by providing research on the latest trends in the industry.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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