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How does the Seesaw Protocol utilize contract addresses in the digital currency space?

avatarRazan AwwadDec 27, 2021 · 3 years ago1 answers

Can you explain in detail how the Seesaw Protocol utilizes contract addresses in the digital currency space?

How does the Seesaw Protocol utilize contract addresses in the digital currency space?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    In the digital currency space, the Seesaw Protocol utilizes contract addresses to facilitate trustless and decentralized transactions. Contract addresses represent smart contracts, which are self-executing agreements with predefined rules. When users interact with the Seesaw Protocol, they send their digital currency to the contract address, triggering the execution of the smart contract. This allows for automated and transparent transactions, without the need for intermediaries. By leveraging contract addresses, the Seesaw Protocol ensures the integrity and security of transactions in the digital currency space.