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by mypastself 1061 days ago
At the bottom, it’s an address holding a program that can release funds to another address or a group of addresses (which may be wallets or other smart contracts) based on some predefined conditions.

There’s technically no limit to what you can implement, but there’s no killer app yet, and it’s questionable if there ever will be. For me, it’s mostly an interesting piece of tech to learn about.