In this video I walk you through how to use the Beefy.finance app on the Binance Smart Chain. Beefy is a yield optimizer on the Binance Smart Chain that partners with many #BSC projects to help investors grow their assets through auto-compounding. To learn more about Beefy: ✅ Telegram Announcement channel: https://t.me/bifinews ✅ Audit: https://defiyield.info/assets/pdf/BeefyFinance.pdf ✅ Medium: https://medium.com/beefyfinance/ ✅ For an F.A.Q doc check https://docs.beefy.finance/beefyfinance/faq ✅ Guide to get started: https://telegra.ph/Beefy-Newbie-Guide-01-12 ✅ Our discord is https://discord.gg/yq8wfHd ✅ Twitter: https://twitter.com/beefyfinance ✅ Vaults are in http://app.beefy.finance ✅ To buy $BIFI https://streetswap.vip/#/swap or https://exchange.pancakeswap.finance/ Follow me on Twitter at https://twitter.com/CryptoGrlfriend Feel free to donate or leave me a tip at my #BSC Address: 0x9a908DB106003823B289c55D89faC14597e221D1 I use my tips for giveaways! ... https://www.youtube.com/watch?v=387ugmA7fGA

What is a Smart Contract? Smart contracts are self-executing code. Simple “if-then” and “if-then-else” statements. They’re created primarily with a programming language called solidity that is built inside a blockchain. The US National Institute of Standards and Technology describes a "smart contract" as a "collection of code and data that is deployed using cryptographically signed transactions on the blockchain network." A Traditional Contract requires human validation to review the written agreement to then decide the next steps. Traditional contracts can be Time Consuming, Resource Consuming, and Costly. With Smart Contracts the code is law. What are the Advantages of a Smart Contract? No Intermediaries - First, there are no intermediaries. Smart contracts are executed without the need of a third party. Automated - Next, Smart Contracts are automated with code which eliminates the manual effort for execution. High Speed - Since Smart Contracts run on programming code, the speed of its execution is higher than the traditional contract. Secure - As Data is stored in the decentralized system, the chances of modifying data is difficult. Everything is fully transparent and available online which makes it traceable and digital. Smart contracts were initially introduced in the Ethereum blockchain because of its processing capacity. Some of its use cases are in payment services, self-parking vehicles, and legal agreements, among others. The Binance Smart Chain also supports the processing of Smart Contracts. It is EVM-compatible and it allows for scaling of dApps. To learn more about the Binance Smart Chain, check out my video on What Is Binance Smart Chain? If you want more content like this, be sure to subscribe to my channel and leave a comment below with any new video suggestions. And as always, This is not financial advice, I do not give financial advice, do your own research, I just like to talk about crypto. #SmartContracts #BSC #BinanceSmartChain Follow me on Twitter at https://twitter.com/CryptoGrlfriend​​ Feel free to donate or leave me a tip at my #BSC​ Address: 0x9a908DB106003823B289c55D89faC14597e221D1 I use my tips for giveaways! ... https://www.youtube.com/watch?v=PvZDmaE9als