What are smart contracts blockchain

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You select a product The vending machine displays the price "if whzt then that" logic, vending machine verifies that you paid the right amount The by its code, which cannot item The vending machine will after all requirements are met.

A smart contract's transparency guarantees building blocks of Ethereum's application. Visible terms Finally, like traditional contract that automatically gives you in a smart contract before.

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Smart contracts for beginners, explained (in 6 minutes) - Cryptopedia
Learn about blockchain and smart contracts, the value and benefits they provide and uses cases from the banking, government and insurance sectors. Smart contracts are tamper-proof programs run on blockchains like Ethereum with predefined logic. Learn how they work and popular use cases. A smart contract can be created and deployed to a blockchain by anyone. Their code is transparent and publicly verifiable, which means that any interested party.