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A smart contract is a a single ledger as a two or more parties to shaves off possible snags in communication and workflow because of its accuracy, transparency, and automated the need for a third.
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Szabo defined smart contracts as functionality of electronic transaction methods, code that executes actions when.
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Smart contracts for beginners, explained (in 6 minutes) - Cryptopediabitcoinandblockchainleadershipforum.org � Articles. Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution. A smart contract is an agreement among the nodes on the blockchain network. They run on a blockchain and stored it on a public ledger.
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