A smart contract is an automated digital agreement, written in code, that tracks, verifies, and executes the binding transactions of a contract between various parties . The transactions of the contract are automatically executed by the smart contract code when predetermined conditions are met.
Read moreDoes Cardano have smart contracts?
Smart contract deployment As of December 19, there are currently 929 smart contracts live on Cardano’s mainnet , which are mainly focused on DeFi, following September’s Alonzo upgrade. Thanks to Alonzo, developers can now create DeFi protocols such as DEXes and lend/borrow platforms on the Cardano blockchain.20 Ara 2021
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