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SMART CONTRACT
A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code across a distributed, decentralized blockchain network.
DIGITAL AGREEMENT
Smart contracts are a digital agreement that is signed and stored on a blockchain network, which executes automatically when the contract's terms and conditions are met.
TRUSTED TRANSACTIONS
Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system or external enforcement mechanism.
TRANSACTIONS ARE TRACEABLE AND IRREVERSIBLE.
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