A smart contract is a computer program that enables the exchange of digital assets, such as tokens or coins, between parties in a trustless and transparent manner. The terms of the contract are written in code and stored on a blockchain network, providing a secure and immutable record of the transaction. Smart contracts can be used for a variety of purposes in the cryptocurrency ecosystem, such as creating decentralized exchanges, issuing new tokens, or facilitating peer-to-peer lending. By automating these processes, smart contracts can reduce costs and increase efficiency while eliminating the need for intermediaries.
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