What is it?
A high speed smart contract is a program that runs on a blockchain. It can execute transactions quickly and efficiently.
Tech Understandability: Intermediate
Simple One-Sentence Definition
High speed smart contracts are fast and automated agreements running on blockchains.
Analogy or Comparison
Think of it like a vending machine that dispenses snacks automatically when you insert money.
Why it matters?
They allow for quick and reliable transactions without the need for intermediaries.
Fun Fact
High speed smart contracts can process thousands of transactions per second.
Related Terms
Blockchain: A blockchain is a digital ledger that records transactions in a secure and transparent way.
Smart Contract: A smart contract is a self-executing contract with the terms of the agreement directly written into code.
Tech Teacher 
Leave a comment