Since smart contracts alone do not ensure complete transaction security of the transaction stream fluxing through the system, as seen from recent mistakes that saw about $ 300 million locked away in Ethereum smart contracts by an anonymous user unknowingly. (bitcoinnews.international)
However, security of transactions get accentuated and transaction costs also gets reduced as financial institutions and banks are bypassed for establishing direct connectivity between the buyer and the seller. (kryptomoney.com)
Cryptographic procedures enforce scarcity and ensure the security of transactions. (entrepreneur.com)