How do crypto contracts work?
Could you please explain to me in a nutshell how crypto contracts operate? I'm curious about the underlying mechanisms that make them tick. Could you elaborate on the role of smart contracts in the cryptocurrency ecosystem? Also, are these contracts legally binding in any way? And how do they ensure secure transactions between parties? Lastly, what are the potential risks associated with crypto contracts that investors should be aware of? Thank you for taking the time to answer my questions.