## Can smart contracts really eliminate intermediaries? Unveiling the revolution of automated execution on the Blockchain
Many people have heard of **smart contracts** (смарт-контракт), but do not quite understand what problems it actually solves. Simply put, traditional contracts require intermediaries like lawyers, notaries, and banks to ensure execution, which is time-consuming and costly. **Smart contracts** are like having a vending machine on the Blockchain — when conditions are met, the contract executes automatically, and no one can change it.
This concept was actually proposed by Nick
Many people have heard of **smart contracts** (смарт-контракт), but do not quite understand what problems it actually solves. Simply put, traditional contracts require intermediaries like lawyers, notaries, and banks to ensure execution, which is time-consuming and costly. **Smart contracts** are like having a vending machine on the Blockchain — when conditions are met, the contract executes automatically, and no one can change it.
This concept was actually proposed by Nick
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