Overview
Smart contracts are self-executing contracts with the terms directly written into code. They run on blockchain technology, ensuring transparency, security, and efficiency. By automating processes, smart contracts eliminate the need for intermediaries, reducing costs and time. This introduction covers the basics of smart contracts, their benefits, and how they work in various applications.
📚 Key Learning Objectives
- ✓ Define what a smart contract is.
- ✓ Explain how smart contracts operate on blockchain.
- ✓ Identify the benefits of using smart contracts.
- ✓ Describe real-world applications of smart contracts.
- ✓ Create a simple smart contract using a programming language.
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