The given statement exists false. In a smart contract, the conditions of the agreement between the buyer and seller are directly encoded into lines of code, making it a self-executing contract.
In a smart contract, the conditions of the agreement between the buyer and seller are directly encoded into lines of code, making it a self-executing contract.
The smart contract is executed over a blockchain network, and the network's numerous computers each contain a copy of the contract's code. This guarantees more secure and transparent facilitation and execution of the contractual conditions.
A smart contract is a written piece of computer code that represents a contract between two parties. They are stored on a public database and cannot be altered because they run on the blockchain. The blockchain processes the transactions that take place in a smart contract, enabling them to be transferred automatically and without a middleman.
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