💻 #SmartContracts101: Contracts that execute by themselves.
A smart contract is a code that runs on the blockchain and automatically executes agreements, without intermediaries.
📌 How it works:
🔹 You define a rule (“if A, then B”)
🔹 When the condition is met, the contract executes by itself
🔹 Everything is public, immutable, and auditable
💡 Examples of use:
✅ Token swaps on DEXs like Uniswap
✅ Staking rewards
✅ Governance in DAOs
✅ NFT that automatically sends royalties
⚠️ Advantages:
✅ No bureaucracy
✅ Transparent
✅ No chance of “defaulting”
But beware:
❌ Code with flaws = financial risks
❌ No going back: executed, it's done
❌ Needs to be audited by specialists
📲 Smart contracts are the heart of Ethereum, DeFi, and all of Web3.
➡️ The future of agreements will not be with paper. It will be with code.
