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 the user can make his transactions without any hassle. We have an idea about normal contracts. But most people do not have an idea about smart contracts.

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There is a slight difference between these two contracts. Smart contracts and normal contracts work 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. This wonderful invention of smart contracts was first published by Nick Szabo in 1994 but in 2013 a programmer named Vitalik Buterin connected smart contracts to blockchain. When smart contracts were connected to blockchain, everyone started using this technology. The rules, transfers and conditions of smart contracts are secured in the form of computer programs through the blockchain, but there are very few blockchains that support smart contracts. For example, the Ethereum blockchain has a special language (the setter is Solidity). Using the Ethereum Solidity language, it becomes easy to develop smart contracts on the Ethereum blockchain. If smart contracts are integrated into the blockchain, then the smart contract that was previously centralized and stored in the place where it was stored will no longer be stored in the same place and it will not have any centralized authority. It will be completely decentralized. Suppose two people want to do business together, but the problem is that they do not know each other or they do not trust each other, but with the help of smart contracts, the two can do business without any problems.

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Let me explain smart contracts in a more understandable way. Suppose you buy a random coin in the crypto market. Now you have a smart contract with a person, you need X coins within 1 hour. In this case, you have to pay in advance, but if the person cannot complete your order, then your payment will be automatically sent to you. And if he completes the order, then the deal between you two will be completed without any hassle.

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.