What Is Smart Contract? Digital Asset Ownership Technology in Blockchain

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  • Math

  • High School

  • 12th grade

  • Calculus and Advanced Math Concepts

  • English

Author's Instructions

Smart contracts are digital agreements recorded on the blockchain. A smart contract in blockchain is developed using blockchain-specific programming languages, such as Solidity.

A smart contract enables both parties to fulfill their commitments and receive agreed-upon outcomes without the need to trust or involve a third party to enforce the agreement.