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Smart Contracts Development

Smart Contracts development with Solidity.

Smart contracts are self-executing, self-enforcing contracts. They are governed by the explicit terms and conditions laid out within them.

These virtual agreements can facilitate the exchange of money, content, shares, property, or anything of value.

The self-executing nature of these contracts provides a tremendous opportunity for use in any field that relies on data to drive transactions.

Advantages of Smart Contracts:

  • Speed, efficiency and accuracy – Once a condition is met, the contract is executed immediately. Because smart contracts are digital and automated, there’s no paperwork to process and no time spent reconciling errors that often result from manually filling in documents.
  • Trust and transparency – Because there’s no third party involved, and because encrypted records of transactions are shared across participants, there’s no need to question whether information has been altered for personal benefit.
  • Security – Blockchain transaction records are encrypted, which makes them very hard to hack. Moreover, because each record is connected to the previous and subsequent records on a distributed ledger, hackers would have to alter the entire chain to change a single record.
  • Savings – Smart contracts remove the need for intermediaries to handle transactions and, by extension, their associated time delays and fees.

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