The smart contract is deployed on the blockchain, and the content of the contract is open and transparent and cannot be modified. <br>Smart contracts running on the blockchain are also jointly maintained by network nodes on the blockchain. As long as the blockchain is present, the smart contract can run forever. <br>Compared with traditional contracts, smart contracts that are blessed with the above three characteristics mainly have the advantages of trustlessness, economy and efficiency, and no need for third-party arbitration <br>.
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