What were the legal shield compensation options available for digital currency enthusiasts in 2015?

1 answers

• Feb 18, 2022 · 3 years ago
  At BYDFi, one of the legal shield compensation options available for digital currency enthusiasts in 2015 was the use of smart contracts. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically execute and enforce the terms of the agreement, providing a secure and transparent way to handle transactions. By using smart contracts, digital currency enthusiasts could ensure that their transactions were carried out according to the agreed-upon terms, reducing the risk of fraud or disputes. Additionally, smart contracts can also include escrow functionality, allowing for the safe release of funds once the conditions of the contract are met. This provided an added layer of protection for digital currency enthusiasts and helped to build trust in the ecosystem. Overall, the use of smart contracts as a legal shield compensation option in 2015 helped to mitigate risks and provide a more secure environment for digital currency transactions.
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