What are the major types of smart contracts?

by SMEBOOK (admin) · February 28, 2021

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We can roughly classify smart contracts and protocols into the following major categories:

  • Smart legal contract: A smart legal contact is one that involves strict legal recourses in case parties involved in the same were to not fulfill their end of the bargain.

  • Decentralised autonomous organizations: The community may be defined by a set of rules arrived at and put into code via smart contracts.

  • Application logic contracts: Such smart contracts contain application specific code that work in conjunction with other smart contracts and programs on the blockchain.

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What are the major types of smart contracts?

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