Smart Contracts: Reshaping Trust In The Digital Age
Smart contracts are revolutionizing the way we conduct business and interact online. They offer a transparent, secure, and automated way to enforce agreements, cutting out intermediaries and streamlining processes. From decentralized finance (DeFi) to supply chain management, smart contracts are paving the way for a more efficient and trustworthy future. This article provides a comprehensive overview of smart contracts, exploring their functionality, benefits, and potential applications.
Understanding Smart Contracts
What are Smart Contracts?
A smart contract is a self-executing contract written in code. It automatically enforces the terms of an agreement when predetermined conditions are met. These contracts are stored on a blockchain, a decentralized and immutable ledger, ensuring transp...