Smart Contracts and Decentralized Applications
Smart Contracts and Decentralized Applications Smart contracts are self-executing programs that live on a blockchain. They automate agreements by encoding the rules directly into code. Decentralized applications, or DApps, use these contracts to offer services without relying on a single company. Contracts run on a shared, trustless system. Code is stored on the chain, executed by the network, and results are permanent once confirmed. This makes outcomes transparent and hard to alter. Developers write contracts in languages like Solidity for Ethereum, then deploy them so the network enforces the rules. Users interact through a web interface, often via a wallet. ...