A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. It not only defines the rules and penalties around an agreement in the same way that a traditional contract does, but it can also automatically enforce those obligations.
What’s more, a smart contract is a participant, an absolutely reliable part that guards your assets temporarily while strictly executing the actions required by those contractual clauses.
As long as an input is set and taken, a smart contract will assign value to that input through the rules set out in the contract, automatically enforce those obligations without fail.
For the time being, there are mainly 2 kinds of smart contract system:
1. Ethereum: An open-source, public, blockchain-based distributed computing platform and operating system.
2. Symbiont.
Can I deposit via Smart Contract?
Sorry, deposit via smart contract is not yet available in COLODAX. Once done, your assets will NOT be refundable. Please make sure to confirm your deposit method.