Description: The automatic execution of a smart contract refers to the ability of these contracts to carry out actions autonomously, without the need for manual intervention. Smart contracts are computer programs that run on a blockchain, and their main feature is that they allow for the automation of agreements and transactions. This means that once certain predefined conditions are met, the contract automatically executes, ensuring the transparency and immutability of the actions taken. This automatic execution not only reduces the risk of human error but also speeds up the process of fulfilling agreements, eliminating the need for intermediaries. Furthermore, smart contracts can be programmed to perform a variety of tasks across different applications and industries, from asset transfer to property rights management, making them versatile tools in the digital realm. In summary, automatic execution is an essential component of smart contracts, enabling the creation of more efficient and secure systems for managing agreements and transactions online.
