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Cryptocurrency News

Cryptopedia: Learn the basics of smart contracts and how they work

04/29/2022

Less than a minute

2022.04.29 20:51

Cointelegraph’s Jackson DuMont tackles smart contracts in the latest episode of Cryptopedia. He explains how smart contracts work from the basics and provides examples of how they can be utilized in real-world scenarios.

DuMont describes smart contracts as code within the blockchain that “execute when specific conditions are met.” They are self-executing contracts built on blockchain technology and have the power to complete transactions without middlemen.