In the realm of cryptocurrencies, "smart contracts" refer to self-executing contracts with the terms of the agreement directly encoded into computer code. These contracts are deployed on blockchain platforms like Ethereum and enable trustless and automated transactions without the need for intermediaries. Smart contract development involves writing code, typically in languages like Solidity for Ethereum, to define the rules and actions of the contract. Once deployed, these contracts can facilitate a wide range of functions, from simple transactions to complex decentralized applications (dApps), revolutionizing industries like finance, supply chain management, and more.
In the realm of cryptocurrencies, "smart contracts" refer to self-executing contracts with the terms of the agreement directly encoded into computer code. These contracts are deployed on blockchain platforms like Ethereum and enable trustless and automated transactions without the need for intermediaries. Smart contract development involves writing code, typically in languages like Solidity for Ethereum, to define the rules and actions of the contract. Once deployed, these contracts can facilitate a wide range of functions, from simple transactions to complex decentralized applications (dApps), revolutionizing industries like finance, supply chain management, and more.