What are Smart Contracts in Crypto? (4 Examples + Animated)

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Whiteboard Crypto

Whiteboard Crypto

Күн бұрын

Are you wondering what a Smart Contract is? Well, a smart contract is an agreement between multiple people who agree that a piece of code will be executed if certain conditions are met. Right now, I know of 4 main use cases for Smart Contracts, and they are:
1) Flash Loans
2) Insurance
3) Token Switching (Decentralized Exchanges)
4) Buying and Selling real world representations
Watch our animated video on Smart Contracts to understand how each of these examples currently work and what their potentials are in the future!
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Пікірлер: 563
@Hannahbenowitz
@Hannahbenowitz 18 күн бұрын
With the halving and the approval of Bitcoin ETFs, so many think bitcoin will exceed ($100k). I don't want to miss out on this chance. I want to invest my “$210k” savings now, but I'm worried if it's too late to make the most profit.
@PennyBergeron-os4ch
@PennyBergeron-os4ch 18 күн бұрын
My consultant says some investors will sell before the halving thinking the price will go down. It will go down but the whales and ETF's will eat it all up and then the rocket ship takes off.
@FinnBraylon
@FinnBraylon 18 күн бұрын
The best course of action if you lack market knowledge is to ask a consultant or coach for guidance or assistance. Speaking with a consultant helped me stay profitable in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
@HildaBennet
@HildaBennet 18 күн бұрын
Could you mention your consultant? I'll be happy to use some help.
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@FinnBraylon 18 күн бұрын
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@gopherlee9427
@gopherlee9427 3 жыл бұрын
Super underrated channel.
@WhiteboardCrypto
@WhiteboardCrypto 3 жыл бұрын
Thank you for the kind words! We appreciate it :)
@aaquilahamedpm
@aaquilahamedpm 2 жыл бұрын
Can't agree more
@youssoufahmed1788
@youssoufahmed1788 2 жыл бұрын
I totally agree. This is very informative and saved me hours of podcasts
@haffa0905
@haffa0905 2 жыл бұрын
@@youssoufahmed1788 what podcast do you recommend
@marxcyberian5765
@marxcyberian5765 2 жыл бұрын
Absolutely! Couldn’t agree more with you.
@Pyroscheme7-4
@Pyroscheme7-4 3 ай бұрын
Learned a lot. Helps to stop and repeat the information out loud to myself like I’m teaching. Thanks for the video.
@mariahhayes5089
@mariahhayes5089 Жыл бұрын
Once you actually start trading live and start to have profitable weeks/months. This kind of video will really start to make sense. So if you don't think it's helping you now, just come back when you're knocking on the door of consistently profitable.
@raymondbarnes5264
@raymondbarnes5264 Жыл бұрын
100% right. The number 1 reason traders lose money is trading too large of a position due to no concept of risk management and money management and not spending enough time in the market. Here’s a tip. Imagine EVERY trade you initiate has a 30% chance of winning and 70% chance of losing and bet accordingly. Do that and I will guarantee you will start to see progress in your trading.
@theresagarcia1218
@theresagarcia1218 Жыл бұрын
I know traders that spend 70% of their time in the market and still don't make money.
@greenquake11931
@greenquake11931 Жыл бұрын
@@theresagarcia1218 This is just the way things are! 90% of the people who trade just don't have the capacity, understanding when it comes to making money from the market. If you want to be successful try seeking guidance when necessary, due to my line of work I can’t handle my portfolio so I just copy the trades of ‘MARTHA ALONSO HARA, my FA".
@stellamoore720
@stellamoore720 Жыл бұрын
@@greenquake11931 I'm trying to find out how to contact this FA since I'm looking for a better investment strategy.
@greenquake11931
@greenquake11931 Жыл бұрын
@@stellamoore720Look her name up on the internet.
@jonnyleverage
@jonnyleverage 11 ай бұрын
This video, along with all the others of yours that I've watched is awesome! You truly have a gift for explaining these complex concepts in simple terms. Keep up the great work!
@Tupsx57
@Tupsx57 2 жыл бұрын
Thank you for the explanation. Note that lawyers are not only hired to contest contracts. They are primarily used to review contracts prior to signing to ensure that the contract terms are as represented.
@marshmelows
@marshmelows 2 жыл бұрын
This is really well explained, the drawn examples are fundamental, the script is good too! Thanks a lot!
@JorgeRodriguez95
@JorgeRodriguez95 2 жыл бұрын
I've been reading about crypto since last year, and you just made it look so simple about the whole variety of possibilities in the cryptoworld. Amazing work and please keep doing this!
@bahadoorshanoorbasha8292
@bahadoorshanoorbasha8292 2 жыл бұрын
Pictures+Words give clarity than just words....these videos are the fastest way to learn crypto....Best I had seen. Thanks for the hard work put in.
@delmontee
@delmontee 2 жыл бұрын
This is the first video about digital contracts that makes complete sense, thanks!
@hycePT
@hycePT 2 жыл бұрын
Wow, it couldn't be explained any better. Great work
@VictoriaLisa959
@VictoriaLisa959 3 ай бұрын
Watched the whole video great job my portfolio is diverse, with investment in digital currencies, gold silver, but not as much as I want.would like to add a lot of low cap altcoins too, just not sure how to go about it or where to buy the coins. Diversifying my $420k portfolio across the market to withstand inflation is my goal can you help me?
@hillaryrowland1
@hillaryrowland1 3 ай бұрын
Just find quality assets that have long term potential,and ride with those assets. I have found it takes someone who is very familiar with the market to make such good picks
@stephenbates6
@stephenbates6 3 ай бұрын
agreed it essential to diversify your portfolio while quality assets are a solid foundation you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $230k grow by 34% since may last year. Try the same , you never know
@AngelaHunt290
@AngelaHunt290 3 ай бұрын
I will forever appreciate this channel, you've helped me and my family a lot, your videos, advice and lessons are inspirational helpful to us, I now earn every week. You're such a blessing to this generation
@ArnoldWilliams092
@ArnoldWilliams092 3 ай бұрын
I will love to be your friend dear as well as sharing some ideas which you're benefiting
@DavePatrick901
@DavePatrick901 3 ай бұрын
Okay but is not luck, is all about having good investment plans most of all trading with a trustworthy expert. Watching professional trading videos and most especially connecting with the right person the digital world is full of unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put real money you start losing I understand and I passed through it all I'm very happy I'm profitable now
@diving_element3126
@diving_element3126 2 жыл бұрын
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@realdeepthinker
@realdeepthinker 2 жыл бұрын
Amazing content. Thank you for making this!
@linuxd
@linuxd 2 жыл бұрын
This really is top notch content 👌🏼
@textsmsmaster9884
@textsmsmaster9884 2 жыл бұрын
Amazing Visual and Contextual Analogies using Smart Contracts without having to Muck it all up using the actual Solidity Coding .. Most Excellent Video! I subbed too
@themugwumpartist2396
@themugwumpartist2396 2 жыл бұрын
Damn! Excellent explanation. Definitely deserve a sub. I hope you make quick review of the tokens as well like XRP, etc. What they do, their use cases etc.
@CosmicSeeker69
@CosmicSeeker69 2 жыл бұрын
Theo has done a snap shot of the top 50 coins
@Bireshprema
@Bireshprema 2 жыл бұрын
“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”
@dustireller3953
@dustireller3953 2 жыл бұрын
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@tracyholian2944 2 жыл бұрын
It's obvious everyone is doing this online Investment
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@sarkiali3958 2 жыл бұрын
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@prince2405 2 жыл бұрын
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@nathanwilson487
@nathanwilson487 2 ай бұрын
Love all of these videos! Thank you for your simple explanations. Getting into crypto and hearing people speak was like a different language. I'm learning so much!
@toughrunmetaldetecting
@toughrunmetaldetecting 3 жыл бұрын
This was very informational. Thanks for making it. I searched for a more recent video explaining SCs since I didn't know how they worked. Glad I found yours. Will peruse your other videos as well.
@WhiteboardCrypto
@WhiteboardCrypto 3 жыл бұрын
Glad it was helpful!
@zes7215
@zes7215 2 жыл бұрын
ts wrr
@ash9467
@ash9467 2 жыл бұрын
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@mysleniedozwolone2361
@mysleniedozwolone2361 2 жыл бұрын
So easy to follow and so informative, thanks! You guys are underrated ❤️
@BaltaRecords
@BaltaRecords 2 жыл бұрын
First time on your channel and it's awesome! Well explained, even for a 4 year old kid... nicely done!
@Callmeace
@Callmeace 2 жыл бұрын
INCREDIBLE - thank you for creating this!
@emmalouiseparish5631
@emmalouiseparish5631 Жыл бұрын
Thank you so much this was incredibly clear and informative! I'm excited to watch more! Cheers!
@gcheese25
@gcheese25 2 жыл бұрын
literal life saver. It was really clear.
@breezy9394
@breezy9394 2 жыл бұрын
Earned my like. Well done, great examples, explained clearly 👍💯🙏
@user-gc5kv3cd7j
@user-gc5kv3cd7j 2 жыл бұрын
This is much better explanation than the other two I just watched. Among the examples, I feel the insurance one makes the most sense. But only if the contract allows the insurance company bankrupt and not paying everyone in the worst case, otherwise seems hard to work for me. Like what if insurance wants to invest with the money it has, that’s the way insurance makes money right. Anyway, it probably will work after resolving the nuance, smart contract does sound very promising for a lot of stuff. But don’t overrate it either, I just heard in another video every achievement human made so far would be pale in comparison to smart contract, 🤔, ok I’ll stop being cynical here, she still has chance to be right
@juliabaeck4546
@juliabaeck4546 2 жыл бұрын
I really like how you answered the follow up questions :)
@carolynoconnor1509
@carolynoconnor1509 2 жыл бұрын
I love your videos, simple yet covers everything!
@bidenbidenbidenbidenbidenbiden
@bidenbidenbidenbidenbidenbiden 3 ай бұрын
This was easy to understand, thank you so much.
@SHIBPlanet
@SHIBPlanet 2 жыл бұрын
Brilliantly explained!!
@joaoalves7656
@joaoalves7656 2 жыл бұрын
Great explanation! Thanks!
@zidanegalbadia5219
@zidanegalbadia5219 2 жыл бұрын
Thank you so much i really needed this channel
@nicolodolce4697
@nicolodolce4697 2 жыл бұрын
This video is so underrated! Great video! Thank you! 🙌
@WinstoneHlekisana
@WinstoneHlekisana 2 жыл бұрын
Your Vidz are Legendary. So far the best ever in the KZbinrs market.
@cloudywithachanceoflonk5567
@cloudywithachanceoflonk5567 2 жыл бұрын
By far the best channel on crypto, awesome work.
@dctrex
@dctrex 2 жыл бұрын
Thank you this explains so much, so well!
@NuggetChicken10
@NuggetChicken10 2 жыл бұрын
The last example makes me very excited about this concept
@AndyInLearning
@AndyInLearning 2 жыл бұрын
Learning from whiteboard crypto like crazy! Cheers and thanks!
@linasuhail9503
@linasuhail9503 Жыл бұрын
Amazing video thank you so much for this clear explanation!
@defiwallettutorials9464
@defiwallettutorials9464 3 жыл бұрын
Very knowledgeable love the video will continue to follow u Guys 💯💯💯
@abdiejohan5171
@abdiejohan5171 2 жыл бұрын
P
@miniepink4781
@miniepink4781 2 жыл бұрын
your explanation is incredible
@Shenanigans000
@Shenanigans000 2 жыл бұрын
Absolutely makes sense!!! Awesome video!!
@LordPagliarello
@LordPagliarello 2 жыл бұрын
Thank you for this. Very informative
@MrStartupX
@MrStartupX 2 жыл бұрын
Bro its way cool u help us understand d concepts so easily. Kudos
@alexis5784
@alexis5784 2 жыл бұрын
This was explained beautifully
@Vickykumar-cg3dn
@Vickykumar-cg3dn 2 жыл бұрын
I really loved your content 🥰 I got much more than expectation
@bettyboop-xg6jo
@bettyboop-xg6jo 2 жыл бұрын
Ah, you are so excellent at explaining, even I understand it.😀
@branvens2322
@branvens2322 2 жыл бұрын
I love how simple and easy to understand the video is ♥️♥️
@shubhodipchakraborty9414
@shubhodipchakraborty9414 2 жыл бұрын
Loving this channel! Extremely insightful. Just a couple of queries: what is the significance of the symbol ""?
@mayurchawde3516
@mayurchawde3516 2 жыл бұрын
Marvelous explanation as usual ,....
@tim_d_jong
@tim_d_jong 2 жыл бұрын
great video ! but I've got a question, these smart contracts, do you have to write them yourself or is there like an app that can create an insurance for me and that I only have to say how much I want to get paid and how much I'm having to pay ?
@VietnamCuisinewithlocals
@VietnamCuisinewithlocals 2 жыл бұрын
thanks for all your great videos.
@AA-ou2hq
@AA-ou2hq 3 жыл бұрын
Wow. Thanks for making blockchain concepts very easy to understand. Liked and subscribed.
@WhiteboardCrypto
@WhiteboardCrypto 3 жыл бұрын
Welcome aboard!
@thetravelers937
@thetravelers937 2 жыл бұрын
Amazing explanation man Thanks
@thefallenking1
@thefallenking1 2 жыл бұрын
I really love your videos ,keep up the good work
@Mohrezaishere
@Mohrezaishere 2 жыл бұрын
superbly done man , wow , amazing , you are suppeeerrr underrated man , keep up this amazing work and marvelous thing will come through❤️
@yabuking84
@yabuking84 2 жыл бұрын
Dude you just made me love blockchain, all I was thinking is that its just digital money, but with smart contracts wow!
@RehamTaay
@RehamTaay 2 жыл бұрын
I’ve been watching and rewatching all of your videos ever since I got into crypto [few weeks ago] and now I’m sending it to all my fellow nerdy friends too. Keep up the good work guy(s)!!
@mistertexaz
@mistertexaz 2 жыл бұрын
Are you trading/investing in any particular cryptos right now?
@raghurampb
@raghurampb 2 жыл бұрын
Same here
@AdADglgmutShevanel
@AdADglgmutShevanel 2 жыл бұрын
Awesome explanations!
@bornfree465
@bornfree465 2 жыл бұрын
What a great video...awesome job bro!
@dip-collector1524
@dip-collector1524 3 жыл бұрын
Nice upload with clear content ✅
@engrahmed7122
@engrahmed7122 2 жыл бұрын
Excellent work; God bless you
@RayCollinsExodica
@RayCollinsExodica 2 жыл бұрын
Thanks Guys this video is extremely informative for someone's like me learning utility of crypto
@tsam273
@tsam273 Жыл бұрын
Best chanel I've came across on KZbin
@tfklouie971
@tfklouie971 2 жыл бұрын
Wow - you make geeky stuff looks fun. Rather than sending my kids to law school, I will push them to study coding instead. This is the future!
@vtr279
@vtr279 10 ай бұрын
Agreed! But EITHER would be a highly rewarding investment and YES... We'll send 'em babies to the absolute best 👌 for education and academic. ♡
@erelmatita3559
@erelmatita3559 2 жыл бұрын
subscribed. liked. an insightful video that is totally educational. thank you.
@Danger_us86
@Danger_us86 2 жыл бұрын
How do you make your animations? They are so clean and is a huge help for understanding what you’re teaching. Thank you so much and continue doing gods work!
@CosmicSeeker69
@CosmicSeeker69 2 жыл бұрын
one buys a animations program - simple
@Interartmusic
@Interartmusic Жыл бұрын
Wow, just wow. This video blew my mind.
@Saedi-Saian
@Saedi-Saian 2 жыл бұрын
Great content ! Just subscribed
@Future_ology
@Future_ology 2 жыл бұрын
New Sub for sure. Thanks for this video
@peterloaguejr.690
@peterloaguejr.690 2 жыл бұрын
Incredible breakdown
@emmanueladamson4892
@emmanueladamson4892 3 жыл бұрын
Great explanation of smart contracts
@WhiteboardCrypto
@WhiteboardCrypto 3 жыл бұрын
Thank you for the feedback Emmanuel!
@jacobgaldes3330
@jacobgaldes3330 Жыл бұрын
y'all are the best hands down
@MisterZambie1
@MisterZambie1 3 жыл бұрын
Very very clear! 👍🏻💪🏻
@engr.omermasood7669
@engr.omermasood7669 Жыл бұрын
This guy is a genius. Love his videos
@isaacmcmanus1711
@isaacmcmanus1711 2 жыл бұрын
Great stuff! I'd like to take a screenshot of the final zoomed out summary as notes to reference later, but the video suggestion and subscribe button pops up too quickly.. plus the resolutions a tad low.. a small thing but is that available anywhere?
@PaulChambersCo
@PaulChambersCo 2 жыл бұрын
Excellent video!
@leonimateni5655
@leonimateni5655 2 ай бұрын
Great video. Thank you,
@anonsolaris
@anonsolaris 2 жыл бұрын
Excellent & easy to digest, thank you! Sharing ^_^
@allyson1691
@allyson1691 2 жыл бұрын
Amazing. Thank you
@BlacksmithBL
@BlacksmithBL 2 жыл бұрын
Love this one! Where can I find examples of the smart contracts for lending and then returning it?
@cheterete5043
@cheterete5043 2 жыл бұрын
NOT EVEN A MINUTE AND I UNDERSTOOF WHAT I COULDNT IN A MONTH HELL YEAH
@stevenpaul4394
@stevenpaul4394 2 жыл бұрын
Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it.
@zirailiya8575
@zirailiya8575 2 жыл бұрын
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
@jerrygilbert3458
@jerrygilbert3458 2 жыл бұрын
Venturing into the bitcoin without an adequate orientation with a professional broker for accurate signals, you might lose all your hard-earned money
@frankgary6065
@frankgary6065 2 жыл бұрын
Binary trading is a good and reliable way of building wealth which also create opportunities for crypto Believers.
@douglaszachary3863
@douglaszachary3863 2 жыл бұрын
You see in trading cryptocurrency, one requires more than just a primary knowledge of crypto. It is best to trade with an expert to avoid unnecessary losses. It's advisable to have a professional trader/broker who is an expert in the field to help you manage your account.
@ralphvincent9449
@ralphvincent9449 2 жыл бұрын
I'm into Real Estate, but I took the decision to invest in the Crypto market and I have been getting good returns on my investments. The market is also an effective way to grow wealth.
@Marco_Lella
@Marco_Lella 2 жыл бұрын
I will promote you on my italian podcast. Nice work bruh
@nfisher6502
@nfisher6502 2 жыл бұрын
Thanks, great talk.
@user-oe8sb3ok6e
@user-oe8sb3ok6e 2 жыл бұрын
U got new subscriber! Keep going ❤️❤️
@magdak69
@magdak69 8 ай бұрын
Thank you so much🎉
@martinmohammed4087
@martinmohammed4087 2 жыл бұрын
Really nice explained video
@axmnstrbnd
@axmnstrbnd 2 жыл бұрын
Fantastic video!!!
@sanjaysirangi9788
@sanjaysirangi9788 2 жыл бұрын
This is really awesome .........!!!!!!!!!!
@joaohenriquegf
@joaohenriquegf 2 жыл бұрын
Absolutely fantastic and easy to understand SC this way it was portrayed by you!
@yuliyacher67
@yuliyacher67 7 ай бұрын
Thank you!
@SherzRWS
@SherzRWS 2 жыл бұрын
Loving these videos! so good and easy to understand
@321gasa
@321gasa 2 жыл бұрын
Thank you thats great!
@esakib
@esakib Жыл бұрын
great video man!
@KyleVanHuffel
@KyleVanHuffel 2 жыл бұрын
Awesome video👍🏽
@akshadrathod9203
@akshadrathod9203 Жыл бұрын
nicely explain !!
@monikarosa2895
@monikarosa2895 Ай бұрын
Thank you ❤
@maximilienglineur3690
@maximilienglineur3690 3 жыл бұрын
Now I want to know more about your flash loan ! :)
@WhiteboardCrypto
@WhiteboardCrypto 3 жыл бұрын
Its coming up this week, hopefully :)
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