📄️ Cryptocurrency Fundamentals
Cryptocurrencies are a type of digital currency that uses cryptography to secure transactions and control the creation of new units. Unlike traditional currencies, cryptocurrencies are not backed by a government or central bank, making them decentralized and resistant to censorship.
📄️ Smart Contract States
Smart Contracts can have different states, depending on the current conditions and actions taken by the involved parties. Regarding Escrow Contracts, they can adopt one of the following states: