Smart Contracts and DApps


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Smart contracts are self-executing contracts that run on blockchain technology. They follow a certain protocol. The conditions that are coded into the contract need to be met so that it is executed.

A Dapp is a decentralized application that is connected to blockchain using smart contracts. They are computer applications that work on a peer-to-peer system.

It is a common misconception that smart contracts and decentralized apps are the same thing. But this is not true. They both operate with the same technology - blockchain. But they are different.

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