Smart Contract
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Smart contracts are programs that run when certain criteria are satisfied and are maintained on a blockchain. They are usually used to automate the execution of an agreement to save time.
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Smart Contract
Smart contracts are programs that run when certain criteria are satisfied and are maintained on a blockchain. They are usually used to automate the execution of an agreement to save time.
It not only records the transaction history but also specifies penalties and ground conditions. Once stored, the data cannot be changed by anybody, including the parties to the agreement. The decentralized ledger's contracts have the ability to autonomously enforce obligations and present a higher level of security.
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