What Are Smart Contracts?

Smart contracts are a way to exchange all sorts of things in a way that eliminates the need for intermediaries and are able to accomplish everything transparently. This is basically in line with what the modern age demands. People nowadays want to understand what they are doing and keep track of it in a way that makes sense to them.
Ethereum is the blockchain that is most often used for smart contracts because of the fact that it provides unlimited processing capability.
FEON has developed its own smart contracts that have their own unique addresses, aether, and permanent memory.
To find out more about FEON’s smart contracts and how they have been used to create the world’s first decentralized multi-currency cryptobank, go to www.feon.io.