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Decentralized MLM Software with Smart contracts

Decentralized MLM Software with Smart contracts

Smart contracts can be termed as the most utilized application of blockchain technology in the current times. Using smart contracts in place of traditional ones can reduce the transaction costs significantly. Ethereum is the most popular blockchain platform for creating smart contracts. A smart contract is an agreement between two people in the form of computer code. They run on the blockchain, so they are stored on a public database and cannot be changed. The transactions that happen in a smart contract processed by the blockchain, which means they can be sent automatically without a third party. This means there is no one to rely on. Smart contracts are automatically executed once the conditions of the agreement are met. This means there is no need for a third party, like a bank, a broker or a government.
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