Beginner's Guide to understanding Smart Contract (ether)

TL'DR

Smart Contract is in short part of ethereum block chain that lets you trade, transfer funds, exchange money without hassle bypassing agents, contractors, realtors, bankers entirely.

Current structure:
House you like => realtor gets involved=>bank loans you money=> mortgage fees == $5

Structure with ethereum:
House you like => etherum smart contract =>bank loans you money=> no mortgage fees == $1

Watch below for more in depth idea of how smart contracts work:

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