The Role of Smart Contracts in Blockchain

Blockchain technology has been making waves across various industries, promising enhanced security, transparency, and efficiency. One of the most exciting developments in this field is the emergence of smart contracts. These automated contracts, with terms of agreements directly written into their base code, are transforming how transactions are conducted and recorded. Understanding Smart Contracts Smart contracts are programs stored on a blockchain that automatically execute actions when predetermined conditions are met. The concept was first proposed by computer scientist Nick Szabo in the 1990s, but it gained traction with the advent of blockchain technology, particularly with the Ethereum platform. Unlike