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Glossary

What is a Smart Contract?

A Smart Contract is a self-executing contract with the terms of the agreement directly written into lines of code on a blockchain.

How do Smart Contracts work?

Smart contracts automate and enforce contractual agreements without intermediaries.

How can you understand Smart Contracts in simple terms?

Smart Contracts are like digital contracts that automatically execute when conditions are met. Think of them as vending machines that give you a snack when you put in the right amount of money, ensuring the contract is fulfilled without needing a middleman.

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