Bitcoin Smart Contracts Explained

<h1>Bitcoin Smart Contracts Explained: How They Work</h1> <h2>Pain Points in Decentralized Agreements</h2> <p>Many traders struggle with <strong>trustless execution</strong> in peer–to–peer transactions. A 2023 Chainalysis report showed 23% of cross–border crypto deals fail due to counterparty risks. Consider Alice selling NFT art to Bob – without escrow, either party could default.</p> <h2>Technical Implementation Breakdown</h2> <p><strong>OP_CHECKLOCKTIMEVERIFY</strong> (CLTV)…