How are you everyone? Hope everyone is fine . I am also fine too. Friends today i am going to share about smart contract with very shortly. Hope you will enjoy all. So let's start .....

There are many smart contracts in the cryptomarket. Today I will tell you what is Smart contract . The modernization of the contract we make in real life is called Smart Contract. That is, the smart contract inside the blockchain can automatically execute them. Put simply - A self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.

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Due to smart contract in blockchain there is no room for dishonesty. This means if you buy 2 bitcoins from someone for some money through smart contract and if you don't pay your money in time then smart contract itself will sell your bitcoins and pay him the money.

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A lot of profitable work can be done by using smart contract. A real example of this is the branding machine around us. Another great example of a smart contract is when we subscribe to Netflix or any other streaming platform. We get permission to go there when we give them a certain amount of money. But no matter what we call Netflix or Branding Machine, they are all with one authority they are the ones who control them. But smart contract has no such authority. That's why smart contract is so popular in today's world.

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So this was the topic of my post today about smart contract . Hope you like my post. I will come again with you with any new matter. Thank you very much everyone for reading my entire post. I am ending here wishing you well.