🧾 What is a smart contract? And why is it revolutionary?
A smart contract is a program that automatically executes when certain conditions are met, without the need for a third party. It is used on networks like Ethereum $ETH
Example: You can create a contract that automatically sends money if a certain product is delivered.
Used in:
🖧 Decentralized Finance (DeFi)
🎮 Gaming
🧾 Insurance
⚖️ Legal Contracts
The biggest advantage? Transparency and immutability, as they are stored on the blockchain and cannot be altered.
