SMART CONTRACT WORK IN CRYPTO

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 Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.

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They are built on top of blockchain technology, which ensures that transactions are transparent, immutable, and secure.

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Smart contracts can be programmed to automatically execute when certain conditions are met, which eliminates the need for intermediaries such as banks or lawyers.

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They are used in a variety of applications such as decentralized finance (DeFi), supply chain management, and digital identity verification.

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 Smart contracts are often written in Solidity, a programming language specifically designed for Ethereum, the second-largest cryptocurrency by market capitalization.

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Smart contracts are stored on the blockchain, meaning that once they are executed, the results are permanent and cannot be reversed.

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 They enable trustless transactions, meaning that parties can transact with each other without the need for a trusted third party.

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Smart contracts can be audited to ensure that they are functioning correctly and securely.

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