How are you? By Allah's grace, I'm doing very well. Today we will discuss about smart contract, smart contract is a very important invention. It has been discovered to improve the contract. We all know about normal contract but not many know about smart contract. Here is how smart contract and normal contract work, smart contract is similar to normal contract but the difference between smart contract and normal contract is that normal contact is done through paper, smart contract is run by a computer program.

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The idea of ​​smart contracts was first published by Nick Szabo in 1994, but in 2013, a programmer named Vitalik Buterin was able to connect smart contracts to the blockchain. When smart contract is combined with blockchain, this technology starts to be used by everyone. I said smart contracts work through computer programs. The rules, transfers and conditions of smart contracts are secured by blockchain in computer program form but there are very few blockchains that support smart contracts. As the Ethereum blockchain has a special language, set is solidity. I was able to develop smart contracts on the Ethereum blockchain by using the Ethereum language. If the smart contract is integrated in the blockchain, then the smart contract that was previously centralized and stored in the place will no longer be stored in that place and it will not have any centralized authority. It will be completely decentralized, say two people want to do business together but the problem is they don't know each other or they don't trust each other. But with the help of smart contract two can do business without any difficulty.

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Introducing Smart Contracts to you in a better way. Suppose you buy a coin at random in the crypto market. Now you make a smart contract to a person, you need 100 X coin in 4 hours. In this case you have to pay in advance but if your order cannot be completed then your payment will come to you automatically 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.