How are you? By Allah's grace, I'm doing very well. Today, the topic I want to discuss is brief example of smart contract.

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Smart contract is a very important invention, it is most useful in business. We all have a general idea about normal contract but many of us do not know much about smart contract. Actually smart contract and normal contract work, smart contract is very similar to normal contract. is However, the difference between smart contract and normal contract is that normal contact is done through paper and smart contract is done by a computer program. The idea of ​​smart contract was first published in the world by Nick Szabo in 1994. But in 2013, a programmer named Vitalik Buterin developed smart contract.

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The contract is linked to the blockchain. When the smart contract is linked to the blockchain, this technology becomes usable by everyone. As I said earlier, the smart contract works through a computer program. It has the rules, transfers and conditions of the contract in the form of a computer program. Secured in the blockchain. However, there are very few blockchains that support smart contracts. Ethereum blockchain has a special language called Solidity. By using this language of Ethereum, we are able to develop smart contracts on the Ethereum blockchain.

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If we call a smart contract If we integrate it into the blockchain, the smart contract that was previously centralized and stored in the place will no longer be stored in that place and there will be no centralized authority. It will be completely decentralized. Suppose two people want to do business together but they Neither one knows the other nor they trust each other, they too can easily do business with the help of smart contracts without any difficulty.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.