What are Smart Contracts?
Smart contracts are digital contracts stored on a blockchain. They automatically execute when predefined conditions are met, facilitating transactions and agreements to be made without the need for a central authority, legal system, or external enforcement mechanism.
Benefits
- Automation: 🌟 Smart contracts self-execute when conditions are met.
- Security: 🔒 Stored immutably on a blockchain.
- Transparency: 🔍 Participants can view the contract terms and execution.
- Efficiency: ⏱️ Reduced transaction times and cost.
Explore More
Froge AI invites you to delve deeper into the exciting realm of smart contracts. Check out our other resources:
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