What is a Smart Contract | Explained


What is a Smart Contract | Explained

Welcome to this blockchain educational video by Simply Explained - Savjee. In this video you will learn what a smart contract is.

A smart contract is a set of rules that prompts a result or series of results. Take a vending machine for example that has a bunch of candy products in it. If I choose the option for a $1 bag of chips, the machine will then give me a bag of chips once I provide it with my $1. Smart contracts operate in a similar way - but they operate on a decentralized grid - a blockchain.

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