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Here's a simple example of a smart contract is a look if it were a to smart contracts.
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Ethereum Explained! ?? (Ultimate Beginners� Guide! ??) How Ethereum Works ?? \u0026 Why it's Undervalued ??Smart contracts are self-executing pieces of code that execute when the preset conditions by the involved parties are met; for example, a smart. The Bottom Line. Smart contracts are code written into a blockchain that executes the terms of an agreement or contract from outside the chain. Smart contracts are the fundamental building blocks of Ethereum's application layer. They are computer programs stored on the blockchain that follow "if this.