Assalamu Alaikum friends,
In our life, we have to deal with each other constantly. There is a maximum number of chances of being cheated during the transaction of various items. And in many cases, people fall prey to fraud. A kind of digital contract or some smart coding is invented so that people don't have to face this fraud. And this contract is basically called a smart contract. In today's blog, we will discuss this in detail. So let's get started without delay:-
Smart contracts are an example of blockchain technology. It is a digital contract, which automatically executes the material terms and conditions between the parties involved.
[Source](https://images.app.goo.gl/kyFaFexU87TQNvLD7)
An important feature of smart contracts is their automation. When a condition is met, the contract automatically stops the activity. Through this, the process of human acquisition and participation is facilitated and coincides with prosperity.
As an example of an engineering process, smart contracts may be able to automatically determine the basic components of peace, and change all conditions of a project. It ensures consistent sharing among all parties through unmatched and reliable technology.
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FreepikThe use of smart contracts has been seen in universities, financial institutions, and various industries. It can be a fundamental means of a new transition in the personal and professional era, and it can lead to a new direction towards our physical introduction.
However, smart contracts are currently very popular on Binance and Fiverr. When the buyer places an order and the seller confirms the order, no assets will be transferred. By doing this, there is no chance of the buyer and seller being cheated in any case.
[**Smart contracts can join us in a new direction in this framework of performance, motivation and self-growth for all..**](https://steemit.com/submit.html?category=hive-150122)
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