What is Blockchain? | smart contract of Blockchain | How it works? | simple explained by Lala T.Tips

*Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met.*

*They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss.*

*They can also automate a workflow, triggering the next action when conditions are met.*

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