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ExitPoor – WHAT IS A SMART CONTRACT

ExitPoor .com - private field using smart contract and exiting format forsage.io, tronplus.io....

ExitPoor
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ExitPoor – WHAT IS A SMART CONTRACT

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  1. ExitPoor – WHAT IS A SMART CONTRACT ExitPoor .com - private field using smart contract and exiting format forsage.io, tronplus.io.... A smart contract is a self executing contract deployed on the public blockchain, meaning it´s fully automated program that follows and specific protocol that it has been programmedtodo,a smart contract can store anykindofvalue,tokenandexecute transfers when requirements ofthe contract has been met without the need of a thirdparty. Ithas the characteristics ofbeingimmutable,tamper-proof,,fair,just and fully transparent whichbringtrust andconfindence. A smart contract willdoonlywhat it´s programmedto do,once deployedonthe publicchainitcan not be altered,itcan not be stoppedanditcan not be controlled byanyone,the smart contractacts strictlyaccordingtoit´s protocol There are no limits to what a smart contract algorithm can do, with the ever expanding DEFI industry that is emerging we se more and more ways where smart contract technologyis utilizedtobringreal lifefinancialservices tothe blockchainworld.Theuniquewithsmart contracts is that itdoes not requirea thirdparty for verification,throughsmart contract andblockchaintechnologywe have the verificationdecentralized. A smart contract is there tosimplyperformthe actionit has been programmedtodowithoutthe needof a thirdpartyor humanintervention.

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