Smart Contracts
Smart Contracts
Learn about smart contracts and their impact on Web3.
Smart Contracts
Smart contracts are self-executing programs that run on blockchains. They enable trustless agreements and automate complex processes.
How They Work
- Code as Law: The contract’s code defines the rules and outcomes.
- Automation: Executes actions when conditions are met.
- Transparency: Anyone can inspect the code and transactions.
Smart contracts power everything from DeFi to NFTs, but they must be carefully audited for security.