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Smart contracts

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Quick take - Smart contracts

“Smart contracts are digital agreements that exist as an immutable software program on the blockchain with conditions attached to its execution.” - (Source: What Is a Smart Contract? (https://chain.link/education/smart-contracts))

“Smart contracts are digital agreements that exist as an immutable software program on the blockchain with conditions attached to its execution.” - (Source: What Is a Smart Contract? (https://chain.link/education/smart-contracts))

Overview

it is estimated that over 80% of smart contract use cases require real-world and external events data. Fortunately, oracles allow blockchains to communicate bidirectionally with the real world.

Need source.

Use cases

  • Decentralized Finance
  • External Payments
  • NFTs, Gaming, and Randomness
  • Insurance
  • Enterprise Systems
  • Supply Chain
  • Utilities
  • Authorization and Identity
  • Government
  • Sustainability
  • Off-Chain Computation

https://blog.chain.link/44-ways-to-enhance-your-smart-contract-with-chainlink/

Resources

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