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How do Smart Contracts works on Blockchain?
A smart contract is a computer program that can be executed on a blockchain network, and the execution of this program will execute the terms of a contract.
The most important element of smart contracts is that they are trustless. This means that there are no third parties involved in their execution, such as a judge or an arbitrator, who could potentially manipulate the outcome of a contract. Smart contracts also provide security benefits over traditional contracts because they cannot be modified once they have been deployed onto the blockchain network.
Source : immunebytes.com/
How do Smart Contracts works on Blockchain?
A smart contract is a computer program that can be executed on a blockchain network, and the execution of this program will execute the terms of a contract.
The most important element of smart contracts is that they are trustless. This means that there are no third parties involved in their execution, such as a judge or an arbitrator, who could potentially manipulate the outcome of a contract. Smart contracts also provide security benefits over traditional contracts because they cannot be modified once they have been deployed onto the blockchain network.
Source : immunebytes.com/