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The introduction of blockchain technology has led to the development of Bitcoin and other cryptocurrencies. But digital currencies are not the only benefit of such innovation. Everyone can benefit greatly from smart contracts. A smart contract is a computer analogue of ordinary contracts, a special program (algorithm) that performs certain actions when the parties to the agreement fulfill certain conditions, for example, sends money to the seller when goods are delivered to the buyer of proper quality. Smart-contracts provide an opportunity to safely exchange cryptocurrency money, securities, as well as other goods and services directly between the parties to the transaction without the participation of intermediaries.
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