What Are Smart Contracts in Blockchain Development?
Smart contracts are self-executing digital agreements built on the blockchain. They automatically perform actions when predefined conditions are met, without relying on intermediaries. Written as code, these contracts manage payments, asset transfers, and access rules in a transparent and tamper-resistant way.
With experienced providers like Bitdeal developing and auditing smart contracts, businesses can ensure secure and reliable execution. Once deployed, smart contracts cannot be altered, which builds trust and reduces disputes. They are widely used in DeFi platforms, NFTs, supply chains, and digital identity systems.
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