Smart contracts are digital agreements that automatically execute actions when certain conditions are met.
They are based on blockchain technology and eliminate the need for intermediaries, making transactions faster, more dependable, and cheaper.
Smart contract platforms like Ethereum, Solana, and Binance Smart Chain allow developers to build and run applications using smart contracts.
Smart contracts are transforming finance by automating transactions, lowering costs, and increasing transparency in areas such as insurance, lending, trade finance, and real estate.