Journal Entry: Olaf James Haugen-08/06/2024-Lesson 8: Understanding Ethereum

Journal Entry

They are fined tuned contracts that execute only when all the needs are met of the contract and if the needs are not met the contract will ensure it does not go through and the proper refunds will be sent back. The implication is that there is no need for any middleman that can have any type of gain n the contract your actually saving money this way and everything is transparent and public so there is no mix-ups. Which might or might not happen

The transactions are always going to be foolproof if you apply them the right way. And ETH allows you to purchase practically anything with its platform because it backs all their defi and other platforms.

It means that we are in control of all our transactions.

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