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🚀 Smart Contracts : The One Thing That You Hear Everyday On Web3 💡

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In BuildCamp Session 4, @project7 & @if showed us how smart contracts work, providing valuable insights into their functionality and applications in the web3 space.

A] What’s a Smart Contract?

A smart contract is like a digital handshake—only smarter, faster, and incorruptible. 🤝 It’s a piece of code that lives on a blockchain, automatically executing tasks when certain conditions are met. 
Think of it as a self-operating agreement that doesn’t need a middleman.

B] 📜 How Do Smart Contracts Work?
1️⃣ Code Rules the Deal: All terms of the agreement are written in code.
2️⃣ Deployed on a Blockchain: Once live, they’re immutable—no tampering allowed.
3️⃣ Triggered by Events: They wait for specific conditions (inputs) to execute pre-defined actions (outputs).

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Such a great, brief explanation of smart contracts by @mikoi9! 🚀 At Chancey, we’re proud to be built 100% on smart contracts, creating a decentralized crypto lottery that is truly in the hands of the players.

Growth Marketer | Community Engagement  | Web3 Specialist

Hey, I'm building here! I'm building a lottery where the players call the shots!

https://www.getchancey.com/

Oh, that would be lovely 😍 

If you need some inspiration for that, the white paper is a great start https://www.getchancey.com/_files/ugd/03ed7d_2adb215c22f74d08ae8d004b5550b0d2.pdf?index=true

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Thanks @chancey-project for recasting. My next post is on @chancey-project 🤩🤩🤩