Smart Contracts

Explanation of Smart Contracts

Smart contracts are self-executing contracts with the terms directly written into code. They automatically enforce and execute the terms of an agreement when predefined conditions are met. In Chibizen, smart contracts facilitate secure and automatic transactions, ensuring that NFT ownership transfers and Zen Token exchanges are conducted transparently and efficiently.

Security and Transparency

Smart contracts enhance security by eliminating the need for intermediaries, reducing the risk of fraud and manipulation. They also provide transparency, as all contract terms and executions are visible on the blockchain. This ensures that all participants can trust the system and that transactions are carried out fairly and securely.

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