How are you? By Allah's grace, I'm doing very well. Today I will discuss among you smart contracts. Smart contracts are a very important innovation in the crypto market. It is invented so that the user can do his transactions without any hassle.

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We have an understanding of normal contracts. But most people don't know about smart contract. There is a slight difference between these two contracts, Smart Contract and Normal Contract. Smart contract works the same as normal contract but the difference between smart contract and normal contract is that normal contract is done based on paper and smart contract is run digitally through computer program. This wonderful invention of smart contract was first published by Nick Szabo in 1994 but in 2013 a programmer named Vitalik Buterin connected smart contract to blockchain. Since smart contract was connected to blockchain, this technology started to be used by everyone. The rules, transfers and conditions of smart contracts are stored in computer program form on the blockchain, but there are very few blockchains that support smart contracts. For example, the Ethereum blockchain has a special language (that is Solidity). Using Ethereum's Solidity language makes it easy to develop smart contracts on the Ethereum blockchain.

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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 decentred. 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 contract, the two can do business without any hassle.Introducing smart contract in a more understandable way for you. Suppose you buy a coin at random in the crypto market. Now you make a smart contract with a person, you will need X coin in 1 hour. In this case you have to pay in advance but if the person cannot complete your order then your payment will come to you automatically. And if he completes the order then both of you will complete the deal 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.