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Smart contracts are contracts written in code that are automatically executed when the contract conditions are met. In the CoreDAO blockchain, Core gas is used to execute these smart contracts.
The transaction process for smart contracts is as follows:
- 1.Contract creation: When a contract is created, the conditions and execution method of the contract are written in code. At this time, a contract address is created, and the contract is executed using this address.
- 2.Contract execution: When the contract conditions are met, the smart contract is automatically executed. Core gas is used to pay for the execution costs.
- 3.Contract result verification: After the contract is executed, the results are verified. If the contract result is as expected and there are no problems, the transaction is completed.
The transaction process for smart contracts involves contract creation, contract execution, and contract result verification. Through this process, when the contract conditions are met, the contract is automatically executed, ensuring safe and efficient transactions.