What does the term ‘contract ioc’ mean (meaning of the ic2012 contract)

What does the term ‘contract ioc’ mean? The meaning is “one coin multiple outputs, thousand-fold short-selling”.

In the world of blockchain, the word “io” is actually a common term. Generally, people understand it as “one coin multiple outputs, thousand-fold short-selling”. If someone wants to buy a certain token and sell it or exchange it for another asset, they need to use tools like exchanges, so they don’t need to trade themselves to participate in the cryptocurrency market and earn income. Therefore, for friends who are unfamiliar with cryptocurrencies, they may not know how to define the term ‘contract ioc’. “Ioc” is also known as a smart contract, which is a contract protocol based on code execution and protocol-driven.

What does the ic2012 contract mean

The ic2012 contract means the word “contract”, which means that the terms of the contract stipulate conditions, and if both parties agree to sign a contract under the agreement (such as the c2008 agreement), they can make a transaction according to their agreement. Of course, in this case, modifications can also be made to avoid problems or unnecessary losses. However, due to the relatively simple and understandable design and code language of the IC2012 protocol, it can be understood as a simple smart contract. However, at present, there are still some flaws: firstly, there is no standard specification, and secondly, there are information structure and logical errors in the contract.