Smart Contracts in Cryptocurrencies
Smart contracts are programs that run on blockchain networks and are executed automatically when specific conditions are met. They are transparent and secure, and eliminate the need for intermediaries.
Uses:
• Financial services: such as automated payments.
• E-commerce: ensuring delivery upon payment.
• Asset management: selling real estate or digital assets.
Platforms such as Ethereum and Solana support smart contracts, which are a revolution in executing operations automatically and securely, despite some challenges such as software vulnerabilities.