A smart contract is a crypto 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 systems:
1. Ethereum: An open-source, public, blockchain-based distributed computing platform and operating system.
Can I withdraw to Smart Contract addresses?
Does CoinEx support withdrawing to smart contract addresses?
CoinEx now supports withdrawing to smart contract addresses, but if assets are lost due to the wrong withdrawal address, CoinEx will not be able to find them back for you. Please be careful when withdrawing!