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Continue to ChatA smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed among those parties according to a formula based on certain data that is not known at the time the contract is initiated. - Vitalik Buterin from https://whatsmyquote.com/quote/a-smart-contract-is-a-mechanism-involving-digital-assets-and-two-or-more-parties-where-some-or-all-of-the