Smart Contract is a computer protocol created in the form of a contract, precisely, a computer-coded contract. Smart Contracts are normally created on the Ethereum Blockchain as the Bitcoin Blockchain is not designed for such protocol.
Smart Contract works the same way as a paper contract of when an action has taken place, a certain action will happen. However, smart contracts are not limited to if-clause action, but it is also open to developers to create any type of action humans can think of on the Blockchain.
With this power of smart contract, any actions or transactions do not require any intermediary or middleman for any verification.
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