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Smart contracts are a type. User accounts can then interact with a smart contract by key-holders must agree and sign have enough ETH to deploy.
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Smart contracts for beginners, explained (in 6 minutes) - CryptopediaSmart contracts are executed on blockchain, which means that the terms are stored in a distributed database and cannot be changed. Transactions are also. Smart contracts are tamper-proof programs run on blockchains like Ethereum with predefined logic. Learn how they work and popular use cases. Smart contracts are contracts that are coded and stored on the blockchain. They automate agreements between the creator and recipient, making them immutable.
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