Faster execution means that:

1. _Reduced latency_: Direct execution on the blockchain eliminates delays caused by intermediaries.

2. _Increased throughput_: More transactions can be processed in a shorter amount of time.

3. _Improved responsiveness_: Smart contracts respond quickly to inputs and events.

4. _Enhanced user experience_: Faster execution leads to a more seamless and efficient user experience.

Faster execution is particularly important for applications that require:

1. _Real-time processing_: Such as decentralized finance (DeFi) applications.

2. _High-frequency trading_: Fast execution is crucial for trading platforms.

3. _Gaming and social media_: Quick response times enhance user engagement.

4. _IoT devices_: Fast processing enables real-time data processing and decision-making.

By reducing latency and speeding up processing, blockchain smart contracts enable a wide range of high-performance applications, improving overall efficiency and user experience!