LEGAL ASPECTS OF SMART CONTRACTS (P.2)

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1. What is a Smart Contract?

According to an opinion smart contract is a special protocol intended to contribute, verify or implement the negotiation or performance of the contract. The key element of smart contracts as well as one of most attractive things is opportunity to perform reliable transactions without intermediaries or any third parties. These transactions are trackable, transparent and irreversible. Smart contracts contain all the information about the contract terms and execute all envisaged actions automatically. Continue reading here>>>

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