Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They run on blockchain networks and automatically execute actions when predefined conditions are met, without the need for intermediaries. Smart Contract Development involves writing and deploying code onto a blockchain platform, typically using languages like Solidity for Ethereum. Once deployed, smart contracts are immutable and tamper-proof, ensuring trust and transparency in transactions. When triggered by external inputs or transactions, smart contracts autonomously execute the programmed actions, such as transferring funds, updating records, or triggering events, enabling a wide range of decentralized applications and automated processes on blockchain networks.
Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They run on blockchain networks and automatically execute actions when predefined conditions are met, without the need for intermediaries. Smart Contract Development involves writing and deploying code onto a blockchain platform, typically using languages like Solidity for Ethereum. Once deployed, smart contracts are immutable and tamper-proof, ensuring trust and transparency in transactions. When triggered by external inputs or transactions, smart contracts autonomously execute the programmed actions, such as transferring funds, updating records, or triggering events, enabling a wide range of decentralized applications and automated processes on blockchain networks.