What are Smart Contracts? 🤖📜

Smart contracts are digital programs built on blockchain technology 🛡️, that operate automatically when certain conditions are met without the need for an intermediary. For example, a smart contract can transfer money 💳 as soon as a specific condition is fulfilled, making transactions more secure and transparent 🔓. Smart contracts are used in various fields such as decentralized finance (DeFi) 🌍, e-commerce 🛒, and even digital property management 🎨. This technology saves time ⏱️ and reduces costs, opening the door to widespread innovations in the world of digital currencies 💰.

Question for the audience 💬

Do you think smart contracts could replace traditional legal systems in the future? And why?

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