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What Are Smart Contracts? – A Beginners Guide

Vitaliy Basiuk
Contributor
Alissa Adams
Editor Fact checked
March 8, 2024 | UPD: March 8, 2024 | 11 mins min. reading | 26

What Are Smart Contracts?

Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. They automatically execute actions once the predetermined conditions are met, without the need for intermediaries.

Discover the benefits and challenges of smart contracts and gain a better understanding of this revolutionary technology.

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Categories:
Blockchain
Smart Contract
Web3
Written by
Vitaliy Basiuk
COO & Co-founder

Written by Vitaliy Basiuk
COO & Co-founder at EvaCodes | Blockchain Enthusiast | Providing software development solutions in the blockchain industry

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