Smart contracts are self-executing agreements with the terms directly written into code. They automate processes, reduce intermediaries, and ensure trustless execution on blockchain platforms.

🔑 Key Features of Smart Contracts

  • Automation: Execute predefined actions without manual intervention 🤖
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  • Immutability: Once deployed, code cannot be altered 🔒
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  • Decentralization: Run on distributed networks like Ethereum 🌐
  • Transparency: All terms are visible to participants 👁️

🌐 Use Cases in Blockchain Ecosystem

  1. DeFi Protocols
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    - Automate lending, borrowing, and trading without centralized authorities.
  2. NFT Creation
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    - Define ownership and royalty rules for digital assets.
  3. DAO Governance
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    - Enable community-driven decision-making via programmable rules.

For deeper insights into blockchain architecture, explore our guide on blockchain-architecture.

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