What you’ll learn
Expressed in computer code, Smart Contracts are how blockchains automatically execute an agreement between two parties without any intermediary. When the Smart Contract conditions are met, the supporting blockchain will execute the agreement for a fee, paid in the blockchain’s native cryptocurrency. The resulting transactions are cryptographically recorded on the blockchain and cannot be changed.
To flesh out the high-level description of what a Smart Contract is and does, we can look at how Smart Contracts work on the Ethereum blockchain, highlight examples of Smart Contract use cases and outline the specific benefits that Smart Contracts provide.
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