How do smart contracts ensure transaction security?
Smart contracts enhance security through blockchain’s decentralized and immutable nature. Each transaction is validated by multiple nodes, making it tamper-resistant. The contract logic is pre-programmed, so conditions are executed exactly as written, reducing human error and manipulation. Security audits and formal verification identify vulnerabilities before deployment. Additionally, access controls, proper input validation, and adherence to best practices prevent common exploits such as reentrancy attacks or integer overflows. By combining cryptographic security, decentralized verification, and automated execution, smart contracts provide reliable and secure frameworks for digital transactions across multiple industries.
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