Smart Contract

Smart contract is a coded digital contract used on cryptocurrency platforms that operates automatically under predetermined conditions.

They are digital contracts that are built on blockchain technology and operate automatically under certain coded terms and conditions. These contracts include agreements made between one or more parties and ensure the fulfillment of certain conditions depending on these agreements. Smart contracts are subject to human intervention. It works automatically by code without the need for transactions and is securely stored on the blockchain, thus reducing transaction costs and time while bringing reliability and transparency to transactions without intermediaries.

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