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 In the realm of blockchain and decentralized technologies, smart contracts have emerged as one of the most revolutionary concepts. They promise to transform the way agreements are executed by automating processes without intermediaries. But what exactly is a smart contract, and why is it so important? This article provides a clear and professional explanation to help you understand smart contracts and their significance in today’s digital economy. Defining Smart Contracts A  What is a smart contract?   is a self-executing piece of code stored on a blockchain that automatically enforces the terms of an agreement between parties. Once predefined conditions are met, the contract executes the stipulated actions without needing any manual intervention or third-party oversight. Unlike traditional contracts, which require legal enforcement and intermediaries, smart contracts rely on code and cryptographic proof to operate transparently and securely. How Do Smart Contract...