IOTA is a distributed ledger created to record and execute transactions between devices in the Internet of Things ecosystem. Smart contracts in IOTA can help execute actions automatically and record all activities. It enables to intensify the already futuristic and effective system of IOTA. Smart contracts in blockchain are self-executing and automated contracts that enable its users to enjoy the benefits of no human intervention and cost-effectivity.
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The following are their benefits:
- Electronic contracts
- Immutable
- Data recorded
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