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Kartal🎩
@oxkartal
The Role of Smart Contracts in Blockchain Smart contracts are self-executing programs stored on a blockchain that run when predefined conditions are met. Unlike traditional contracts, they eliminate intermediaries, reducing costs and enhancing security. Ethereum pioneered smart contracts, enabling decentralized applications (DApps) and DeFi platforms. However, scalability and security remain challenges, with exploits like the DAO hack highlighting the need for rigorous auditing. As blockchain technology evolves, smart contracts are expected to become more efficient and widely adopted across industries. #Blockchain #SmartContracts #Ethereum #DeFi
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