Smart Contracts
What Are Smart Contracts and Are They the Next Big Thing in Digital Transactions?
Smart contracts represent a significant leap in blockchain technology. Essentially, they function as digital agreements that self-execute and enforce the terms of a contract upon predetermined conditions being met. These contracts run on blockchain platforms, offering a level of security that is hard to tamper with due to the decentralized and transparent nature of the ledger. With an ever-increasing array of applications, smart contracts have the potential to revolutionize various industries by automating complex processes, from finance to real estate and beyond.