How are you? By Allah's grace, I'm doing very well. Today I will discuss with you about smart contracts, smart contracts are a very important invention in the crypto market, it has been invented so that users can transact freely without any hassle. We all have an idea about normal contracts but most people do not have much idea about smart contracts. There is a slight difference between these two contracts, smart contracts and normal contracts, although the work of both smart contracts and normal contracts is the same, but the difference between smart contracts and normal contracts is that normal contracts are done based on paper and smart contracts are run digitally through computer programs. The first person to discover this wonderful invention of smart contracts is Nick Szabo, who published it in 1994, but in 2013, a programmer named Vitalik Buterin was able to connect smart contracts to the blockchain. Smart contracts have been around since the days when they were connected to blockchains, where the rules, transfers, and conditions of smart contracts are secured in the form of computer programs through blockchains. But there are very few blockchains that support smart contracts, but this is currently being addressed. Suppose two people want to do business together, but the problem is that they don't know each other or they don't trust each other, but with the help of smart contracts, the two can do their transactions without any hassle.

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I am presenting smart contract to you in a more understandable way, suppose you are going to transact in crypto market through P2P. Now you have a contract with a person, you need X coin within 1 hour, in this case you have to pay him in advance but if the person cannot complete your order then your payment will come to you and if he completes the order then the deal between you both will be completed without any hassle.

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If you are new to the market, let me explain it to you in a simpler way. Suppose you order something online through cash on delivery. In case of cash on delivery, you do not have to pay until you receive the product you ordered and when you receive the product, you can check the product and if you do not like it, you can return it, so your money will not be wasted. And if you like the product, then you will pay the money and there is no trust issue in it. This is exactly how the smart contract system works. 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.