Here's a Quick Way to Understand Smart Contracts


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Originally published at:

https://blog.digitexfutures.com/blockchain/heres-a-quick-way-to-understand-smart-contracts/


Smart Contracts are basically decentralized applications, or DApps, which allow individuals to exchange data in a trustless, conflict-free manner without relying on a third party. Because they are trustless in nature, both parties involved in the contract don’t have to trust an external third party…