Exploring the World of Smart Contracts
Smart contracts are automated agreements that execute when predefined conditions are met. They run on blockchain platforms, ensuring trust and transparency without intermediaries.
"Smart contracts are neither smart nor contracts, they're small programs." - Nick Szabo
Key Features of Smart Contracts:
- 📜 Self-executing code with the terms written directly into lines of code.
- ⛓️ Stored and replicated on the blockchain.
- 🔒 Security through cryptographic protocols.
To learn more about the intricacies of smart contracts, explore our comprehensive guide available here!