Smart contracts are a technology that has the potential to transform the way value is exchanged online.

These self-executing contracts are built on blockchain technology and are designed to automate the process of verifying, executing, and enforcing the terms of an agreement.

In this article, we will explore what smart contracts are, how they work, and their potential applications in various industries. Whether you are a blockchain enthusiast or a curious beginner, this article will provide you with a comprehensive understanding of smart contracts and their role in the future of business.

Defining smart contracts in the crypto context

Smart contracts serve as automated, self-executing agreements coded and stored within a blockchain network. These contracts are designed to …