A Smart Contract is a self-executing digital contract or agreement that is encoded as computer code and stored on a blockchain platform, such as Ethereum. Smart contracts automatically execute predefined terms, conditions, or actions when specific conditions or triggers are met, without the need for intermediaries or manual intervention. Smart contracts use blockchain technology to ensure transparency, immutability, and trustworthiness, enabling parties to exchange assets, transfer ownership, or perform contractual obligations securely and verifiably. Smart contracts have applications in various domains, including finance, supply chain management, real estate, and decentralized applications (DApps).
