Hybrid smart contracts combine two concepts, merging digital, automated contracts with the power of blockchain technology. Unlike regular contracts, hybrid smart contracts leverage both the blockchain network and the Decentralized Oracle Network (DON) to function.
By integrating on-chain code with off-chain data and computation, hybrid smart contracts maintain the immutable and tamper-proof characteristics of a blockchain. They utilize the decentralized oracle network (DON) to enable the creation of agreements that incorporate off-chain data.
Hybrid smart contract development services offer extensive support to businesses and industries due to their connection with blockchain. These contracts outperform traditional contracts by combining the benefits of smart contracts and the capabilities of the DON.