What is smart contract?

Ava May-01-2023 07:00:32

569 days ago

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A Smart Contract is a computerized protocol that facilitates the exchange of goods and services between two or more parties. Unlike a traditional contract, Smart Contracts are secured using cryptography and run autonomously on a decentralized system such as blockchain. Smart Contract enables trust, security, transparency and accuracy of the transaction between the parties, with no need for a third-party intermediary.

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answered 22 Aug 2023

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