A smart contract is the most reliable contract!

Online transactions use smart contracts. It is a computer code, which specifies all the terms and conditions of the transaction. It monitors and ensures that the contract's obligations are fulfilled.

Smart contracts are already used in various areas: trade, insurance, real estate. For example, a smart contract can make it easier and safer to deliver goods. It makes sure that the right amount is charged from the buyer's wallet before shipping. But the money isn't transferred to the seller until the parcel is received. The seller receives the payment only after the delivery.

Smart contracts are based on Blockchain technology. There is no central computer that manages all smart contracts. Noone manages them. A smart contract is programmed in such a way that it 'makes its own' decisions based on the conditions recorded in it. Once activated, the contract cannot be changed or deleted unless it is written in the code in advance.

️ To exclude all errors in the smart contract, expert developers independently check it. Audited smart contracts are considered the most reliable.

Advantages of smart contracts:
High speed of operation. Processing documents manually takes a long time. The automated mechanism for working with smart contracts solves this problem because the computer processes the documents.
No intermediaries. Smart contracts exclude the possibility of interference by third parties. All transactions take place without intermediaries, who may make a mistake. For the same reason, any possibility of fraud is excluded.
Reliability. Data recorded in a smart contract cannot be changed or destroyed. Also, if all terms and conditions of the transaction are not fulfilled, it will not be completed.

️ DigiU.Wealth is supported by smart contracts. We use only validated smart contracts that have been professionally audited and have no errors. Therefore, investing in a product is not only beneficial but also as safe as possible!

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