With a shared database running a blockchain protocol, the smart contracts auto-execute, and all parties validate the outcome instantaneously and without need for a third-party intermediary. Smart contracts are complex, and their potential goes beyond the simple transfer of assets. They can execute transactions in a wide range of fields,
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We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. There are tax implications for both you and the seller in this transaction. “But if the owner doesn’t sell the coin, then actually the
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