A smart contract is an agreement between two people in the form of computer code . They run on the blockchain, so they are stored on a public database and cannot be changed. The transactions that happen in a smart contract are processed by the blockchain, which means they can be sent automatically without a third party.
Read moreAre smart contracts contracts?
Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.
Read moreWhat are examples of smart contracts?
Examples of smart contract applications include financial purposes like trading, investing, lending, and borrowing . They can be used for applications in gaming, healthcare, and real estate; and they can even be used to configure entire corporate structures.
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