Smart contracts facilitate crypto payments but have certain limitations. AI integration in smart contract management helps overcome these challenges and improves contract functionality.
Smart Contract: Fundamentals
Smart contracts are self-executing programs running on blockchains. Their main feature is decentralization, which distinguishes them from traditional contracts. New functions like enhanced anonymity and security make them essential in digital transactions.
Existing Challenges in Smart Contracts
Decentralized networks using smart contracts face several limitations: security issues, reliance on external data sources, and limited flexibility. These challenges hold back smart contracts' potential, but AI helps address them.
How AI Improves Smart Contracts
AI agents enhance the efficiency and adaptability of smart contracts, ensure more reliable security, and integrate with AI-based oracles. This improves contract execution and reduces costs. As existing challenges are overcome, such technologies will become standard.
The integration of AI with smart contracts opens new possibilities for various industries. While questions of scalability and security remain, the prospects for the future are bright.
