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smart contracts bring a whole new level of advantages to the table when it comes to conducting transactions and managing agreements firstly smart contracts greatly increase efficiency in speed in transactions since they automatically execute when the predefined conditions are met theres no need for lengthy manual processing or bureaucratic delays this automation results in Faster transaction and an overall smoother experience for all parties involved smart contracts also promote trust and security because theyre built on blockchain technology theyre inherently transparent tamper-proof and secure the decentralized nature of blockchain means that all parties can easily verify the terms and conditions of the contract and the automated execution ensures that the agreement is carried out as intended