🔥 PVB #CRYPTOFACT | How do smart contracts work? 🔥

💻 What are smart contracts?

Smart contracts are like magic tables where the terms of the deal are written in code and executed automatically. Without unnecessary witnesses and complications... just reliable!

🛠️ Blockchain as a foundation.

The main feature of these contracts is execution on the blockchain. Once launched, there will be no changes. Languages like Solidity help develop such structures.

📊 Statistics speak for themselves.

As of 2023, more than 50% of transactions in Ethereum are tied to smart contracts. This growth is not for the faint-hearted!

🚀 Application in various fields.

Smart contracts fit into DeFi, gaming projects, and even jurisprudence. They bring automation and reduce costs.

🔮 Future and challenges.

With their revolutionary potential, smart contracts can change many areas. However, the growing popularity also leads to security questions.

📚 Learn more: on DZEN

#CRYPTOFACT #PVB #SmartContracts #Blockchain #DeFiLiquidity