Smart Contracts

What is are smart contracts?

Smart Contracts Definition: A smart contract is a contract that is self-executing that has terms of an agreement between two parties, the seller and the buyers, which is created using code. These lines of code are distributed across the decentralized network, which is easily trackable, though it cannot be irreversible in the blockchain.

Smart contracts allow transactions that are secure and trusted to be processed with agreements, and the users remain anonymous. These types of contracts review transactions to ensure safety and security without the need for a central authority.

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