Blockchain technology is a broad, complex, and multifaceted term. which is the foundation of the cryptocurrency industry. One of the key components of many leading blockchain projects is smart contracts.
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This gives users and developers a way to automate a set of processes and functions. Smart contracts are blockchain-based programs that run when pre-defined conditions are met. Prominent smart contract platforms include Ethereum, Cardano, Polkadot, and IOTA,
all of which share a common goal to ensure transactions and functionality. get processed quickly without using a middleman The motivation behind smart contracts is to create automated workflows that trigger subsequent actions without manual intervention or human interaction.
This creates an element of trust between the two parties. Because the resulting function is always predefined.The smart contract was first discussed in 1994 by Nick Szabo, a controversial alchemist who is rumored to be the person behind the pseudonym Satoshi Nakamoto.