Bitcoin is a cryptocurrency (or digital currency) that allows instant payment to anyone and anywhere.
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Futhermore, is Smart Contract safe?
While the blockchain is inherently secure, Smart Contracts suffer through the code used to create them being prone to bugs. ... The level of bounty available offers an extremely lucrative incentive for hackers to invest the time and resources needed to find bugs and loopholes in Smart Contract codes.
Just as much, does Bitcoin have smart contracts? Unfortunately, Bitcoin – the largest and by far most widely used cryptocurrency – does not offer support for complex smart contracts. Moreover, simple contracts that can be executed on Bitcoin are often cumbersome to design and very costly to execute.
Same, can smart contracts be trusted?
Trust — No one can steal or lose any of your documents, as they are encrypted and safely stored on a secured, shared ledger. Moreover, you don't have to trust people you're dealing with or expect them to trust you, as the unbiased system of smart contracts essentially replaces trust.
Are smart contracts legally binding?
In other words, a smart contract is legally enforceable if the terms of a legally binding contract are directly written into it, or if there's agreement between the relevant parties that it's intended to uphold and execute such a contract.