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Smart Contract

Smart Contract is an informatic program which executes a certain function when the conditions are met. It is very used for cryptocurrencies systems. An example would be: if there is more than X in account A, then transfer it to account B.

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ECB is the acronym for European Central Bank. The ECB is the Central Bank for the Eurozone. Therefore, it is in charge of issuing the new currency for the member countries. It is also controls the monetary policy in order to achieve the inflation target of 2% in the long term.

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Scalability is the capacity of any system to grow and adapt when the demand increases. If the demand grows and the system responds properly maintaining the efficiency, then the system is scalable. This concept is crucial in informatic applications, databases and logistic systems.

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