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2 changes: 1 addition & 1 deletion concepts-contracts.md
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Expand Up @@ -32,7 +32,7 @@ There are two types of contracts supported by the Tokenized system. [Smart contr

## Smart Contracts

A smart contract is a dynamic contract that is managed by an autonomous agent (off-chain daemon) using the Tokenized Protocol. The smart contract operates on behalf of the issuer for all administrative tasks associated with maintaining and updating the contract's on-chain records. The smart contract service is responsible for monitoring data that effect the state of the smart contract and for incorporating those changes into the contract. The smart contract can also work with other autonomous agents working on behalf of the issuer or other contracting parties to fully automate all the various processes and tasks associated with the formation and performance of a contract.
A smart contract is a dynamic contract that is managed by an autonomous agent (off-chain daemon) using the Tokenized Protocol. The smart contract operates on behalf of the issuer for all administrative tasks associated with maintaining and updating the contract's on-chain records. The smart contract service is responsible for monitoring data that affect the state of the smart contract and for incorporating those changes into the contract. The smart contract can also work with other autonomous agents working on behalf of the issuer or other contracting parties to fully automate all the various processes and tasks associated with the formation and performance of a contract.

The smart contract can only respond to instructions it receives as Tokenized transactions into its own wallet. All responses from the smart contract are sent onto the blockchain as per the order of operations needed for the action taking place.

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