What are Smart Contracts?
Smart contracts help you to exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman.
The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.
HOW DOES SMART CONTRACT WORKS?
Smart Contracts are Awesome!
Here’s what smart contracts give you:
Autonomy – You’re the one making the agreement; there’s no need to rely on a broker, lawyer or other intermediaries to confirm. Incidentally, this also knocks out the danger of manipulation by a third party, since execution is managed automatically by the network, rather than by one or more, possibly biased, individuals who may err.
Trust – Your documents are encrypted on a shared ledger. There’s no way that someone can say they lost it.
Backup – Imagine if your bank lost your savings account. On the blockchain, each and every one of your friends has your back. Your documents are duplicated many times over.
Safety – Cryptography, the encryption of websites, keeps your documents safe. There is no hacking. In fact, it would take an abnormally smart hacker to crack the code and infiltrate.
Speed – You’d ordinarily have to spend chunks of time and paperwork to manually process documents. Smart contracts use software code to automate tasks, thereby shaving hours off a range of business processes.
Savings – Smart contracts save you money since they knock out the presence of an intermediary. You would, for instance, have to pay a notary to witness your transaction.
Accuracy – Automated contracts are not only faster and cheaper but also avoid the errors that come from manually filling out heaps of forms. These are the services Ethereum limited is here to offer.
ETHEREUM LIMITED
Ethereum Limited is a unique decentralized platform that runs smart contracts applications exactly as programmed without any possibility of downtime, censorship, and fraud or third-party interference.
THE OBJECTIVES OF ETHEREUM LIMITED
Ethlimited aims to create and implement unbreakable smart contracts. With Ethlimited, users can enter into a contract deal with another party and rest assured that they cannot be tired. Ethlimited is a platform created to control the downsides and errors of using traditional contracting systems.
Ethlimited wants to bring sanity to the world of contracts and ensure that no one is fleeced and the rate of court litigation is reduced, if not eliminated. It intends to assure its users that their contract can never be tampered with while holding a secret coin that is more likely to improve in value that surpass value of the current Ethereum — Ethers.
Ethlimited is designed to allow anyone with access to computers and the internet to create a smart contract with anyone, anywhere in the world. With Ethlimited, U.S. users can create a contract with someone in South Africa without having to meet face to face. All what is required is for the both parties to put their terms and conditions into the contract and voila, the smart contract takes care of everything.
ETHEREUM LIMITED BENEFIT
The Token
The Token is ticked as ETHL TOKEN. It is ERC20 compliant; it is created on Ethereum blockchain. 1 ETHL will be sold at USD$0.50.
The pre- ico
Now, the pre-ico of the project is scheduled to begin in September, 2018.Only 1,000,000 ETHL tokens available at the pre-ico at a discounted price of $0.50. The pre-ico has minimum purchase of 50 and is limited to 2000 ETHL token per user. Don’t miss out. The project seeks to raise a total of 10,000,000 ETHL.
This is a great opportunity for every one of us to participate in this great project. Hurry now, time wait for no man.
For more information visit:
Website: https://ethlimited.org/
White Paper: https://ethlimited.org/whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=4521586
Telegram: https://t.me/EthereumLimited
Facebook: https://www.facebook.com/ethereumlimited
Twitter: https://twitter.com/EthereumLimited
Reddit: https://www.reddit.com/user/ethereumlimited
Instagram: https://www.instagram.com/ethereumlimited/
Linkedin: https://www.linkedin.com/in/ethereumlimited
Medium: https://www.medium.com/@ethereumlimited
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