What Are Smart Contracts?
Smart contracts are self-executing agreements with the terms directly written into lines of code. They automatically enforce and execute agreements when conditions are met, eliminating the need for intermediaries.
Trustless
Operate without requiring trust between parties through cryptographic verification
Immutable
Agreements cannot be altered after execution, ensuring data integrity
How Smart Contracts Work
Deploy Contract
Code is deployed on a blockchain network with predefined conditions
Set Conditions
Parties specify contract terms that trigger actions automatically
Automatic Execution
Contracts execute themselves when conditions are met
Common Use Cases
DeFi Platforms
Automating lending, borrowing, and trading
NFT Marketplaces
Instant digital asset transfers and royalties
Supply Chain
Real-time product tracking and verification
Token Sales
Automated fund collection and distribution