Introduction
Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.
How Do Smart Contracts Work?
Smart contracts eliminate the need for intermediaries, ensuring transparency and reducing fraud. They automatically execute when conditions are met.
Benefits of Smart Contracts
Smart contracts save time and money, increase security, and provide efficiency. They are particularly useful in industries such as finance, healthcare, and real estate.
Conclusion
Smart contracts are revolutionizing the way transactions are conducted. Understanding their potential can lead to significant advancements in various sectors.