Discover what smart contracts are, how they function on blockchains, and their role in automating decentralized applications.
What Are Smart Contracts?
Smart contracts are self-executing code on a blockchain that automatically enforces terms when conditions are met.
How Smart Contracts Work
Once deployed, smart contracts operate without intermediaries, ensuring trustless and transparent agreements.
Applications of Smart Contracts
- Decentralized finance (DeFi)
- NFT minting and sales
- Supply chain management
- Automated payments
Smart contracts enable trustless automation and innovation across multiple industries in the Web3 ecosystem.
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