What Is the Primary Difference between a Traditional Contract and a Smart Contract? ▴ Learn

What Is the Primary Difference between a Traditional Contract and a Smart Contract?

A traditional contract is a legal document enforced by law and human judgment, requiring intermediaries for trust and execution. A smart contract is self-executing code deployed on a blockchain.

It automatically enforces the terms and conditions without human intervention, making it trustless and highly efficient for digital transactions. The latter removes the reliance on external legal systems.

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