Smart contract execution refers to the automatic and irreversible performance of predefined terms and conditions encoded within a blockchain program. Once triggered, these contracts run without human intervention, ensuring transparent and verifiable agreement fulfillment. This process forms the basis of decentralized applications and autonomous transactions.
Context
The situation surrounding smart contract execution often involves discussions about security vulnerabilities and the need for rigorous auditing to prevent exploits. A critical future development involves advancements in formal verification methods and the creation of more resilient programming languages to minimize risks associated with complex contract interactions.
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