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RE: Importance of smart contracts in the DeFi system.

in Project HOPE4 years ago

Smart Contracts are indeed important. When the idea was floated, blockchain was deemed as the solution for each and every problem in the world. Now we are seenig the execution of smart contracts and that has led to the DeFi and NFT boom. My issue is that lack of transparency in smart contracts can lead to problems. It is not easy for an average person to read the code behind a smart contract just as no one cares about terms and conditions about data usage on a website

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