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What are smart contracts?

Smart Contracts may also be known as smart properties. These protocols help facilitate and enforce digital contracts within a blockchain network or transaction, namely with Ethereum.

Decentralized Applications use Smart Contracts to execute code on nodes in the Ethereum Blockchain. Additionally, some ICOs use Smart Contracts to fund new ventures too.

Our infographic below demonstrates how one works, and it’s functions; in comparison to a traditional contract.

what are smart contracts

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