105. Why are smart programs more flexible and powerful than current smart contracts?

Answer: Smart contracts borrow the concept of cryptocurrency, which is mainly used on Ethereum. On the chainless platform, we call it a smart program. Because this is far more flexible and powerful than smart contracts, because the chainless savings account (Ethereum’s external account) and the contract account are separate, they can be set arbitrarily. Specifically, it adheres to the principles of open-source code and voluntary upgrades by users. Smart programs are more flexible than smart contracts; transplanting existing ones will be easy. It can turn all current blockchain single-signature wallets into multi-signature and multi-backup wallets. Coupled with the inheritance procedures it sets, personal assets are safer than existing banks. At the same time, smart programs can also be used to quickly realize automatic depository of digital assets with machine credit levels, equivalent to traditional securities’ central registration and settlement system. In addition, smart programs can easily implement functions such as third-party payment, third-party escrow, mortgage lending, secure DEX transactions, and secure CEX transactions.

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