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  1. A Smart Contract is a PC protocol expected to carefully facilitate, check, or authorize the exchange or execution of a contract. Smart Contracts permit the performance of credible transactions believable exchanges without third parties. Smart Contracts are a reality. If you’ve ever wondered how true peer-to-peer transactions could take place, now is the time to witness how life could be without any intermediary. Smart Contracts are capable of taking contractual governance to the next level and empower true intermediary-less trading environments. Smart contract security auditing is a thorough analysis of blockchain applications smart contracts in order to correct design issues, errors in the code, or security vulnerabilities. A final note is that there are some steps about Smart Contract Auditing that you may not know. Standards are still under development, and different teams follow different design paradigms. While neither party is necessarily more correct than the other, it takes time to ensure everyone is on the same page about the state of the project.
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