Blockchain Beyond Bitcoin: Smart Contracts and Use Cases
Blockchain Beyond Bitcoin: Smart Contracts and Use Cases Smart contracts are self‑executing agreements written as code and stored on a blockchain. They run exactly as programmed when predefined conditions are met. This automation reduces the need for middlemen and lowers the risk of human error. Because they live on a shared ledger, smart contracts offer transparency and tamper resistance. Parties can verify terms, watch the execution, and trust that outcomes follow the code. Yet they are not magic; they require thoughtful design, testing, and security checks. A small bug can lead to lost funds, so developers use test networks and audits. ...