Smart contracts are self-executing programs that are written in code (</>) and stored in the blockchain network; they only take effect when all requirements are met by the parties involved.
Smart Contracts were popularized in the early 1990s by Nick Szabo. For a Smart Contract to work, the principles of “if/when… then…” must be applied.
SOME CHARACTERISTICS OF SMART CONTRACTS;
SOME USE CASES OF SMART CONTRACTS;
Link between NFTs and Smart Contracts:
NFTs are digital assets that are stored in the blockchain, to make claims of ownership or benefits attached to an NFT, Smart Contracts are used as documentation.
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