Understanding Smart Contracts
Here’s the quick breakdown:
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🕒 9:16 AM
📅 Aug 26, 2025
✍️ By mattsonthebeat
A Smart Contract is a program stored on the blockchain that runs automatically when certain conditions are met. No middlemen, no delays.
🔹 Smart → Executes actions (like payments or approvals) only if conditions are met.
🔹 Contract → Acts like a digital agreement that can’t be tampered with once deployed.
🔹 Trustless → You don’t need to “trust” a person, only the code.
Key Features:
Transparency – Anyone can inspect the code.
Automation – Executes tasks instantly.
Security – Hard to change once live.
💡 Think of it as a vending machine: you put in the right amount, and it automatically delivers.