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What's the difference between programmable validators and smart contracts?

Charles Hoskinson indicated in this tweet that he favors the term "programmable validator" to the term "smart contract" with regard to Cardano. … Quoting the tweet Charles Hoskinson is responding to, "In Cardano, "smart-contracts" tend to refer to the combination of the on-chain validator(s) and the off-chain code that's driving it / them." …
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