Smart contracts is know as the self-executing contracts which is terms of the agreement that is programmed to work directly within a code, hence this contracts run on blockchain networks which is after ensuring that they are immutable, and as well transparent, which is Majorly build to be secured, hence as soon as the predefined conditions are met, that of the contract automatically executes without the need for intermediaries which is the reason that is automated.
Hence this smart contracts function is primarily dependent on the blockchain technology proceed like that of the Ethereum, hence with the likes of inance Smart Chain, are as much Solana, hence all are written in programming languages such as Solidity (for Ethereum)
As soon as the smart contract is triggered it all all goes on to verifies conditions encoded within and If the conditions are satisfied, the contract executes the agreed-upon actions, like that of transferring funds, and as much as updating a ledger.
In a nutshell the smart contracts are known as the revolutionizing industries making a lot of wave today which is after automating and securing that of our transactions being made across the blockchain networks, hence despite the challenges remaining on the advancements within the blockchain technology and regulatory frameworks it still goes on improving based on the functionality and adoption, in as much as the technology which is matured, which play a critical role in the future of decentralized applications known as the (DApps) and along side with the digital transactions.
Am @kingworld-line
