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Smart Contract

Modified on Sat, 19 Apr at 12:41 AM

Smart contracts are self-executing programs stored on a blockchain. They automatically perform a specific action once certain predefined conditions are met — without the need for third-party approval or manual intervention.

Example: You make a crypto payment, and a ticket or token is sent to you instantly.

For a full explanation and real-world examples, see: What is a Smart Contract and How Does Floin Use It?

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