What is a Smart Contract | Explained

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What is a Smart Contract | Explained

Welcome to this blockchain educational video by Simply Explained - Savjee. In this video you will learn what a smart contract is.

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A smart contract is a set of rules that prompts a result or series of results. Take a vending machine for example that has a bunch of candy products in it. If I choose the option for a $1 bag of chips, the machine will then give me a bag of chips once I provide it with my $1. Smart contracts operate in a similar way - but they operate on a decentralized grid - a blockchain.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who is saying them. The information presented to you on this site is made available for discussion purposes only, and are not cryptocurrency investing recommendations. Under no circumstances does the information on this page represent a recommendation to buy or sell crypto securities.

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