A smart contract is custom logic and code deployed and executed within an Ethereum virtual environment. Smart contracts are digitized and codified rules of transaction between accounts. Smart contracts help in transferring digital assets between accounts as an atomic transaction. Smart contracts can store data. The data stored can be used to record information, facts, associations, balances, and any other information needed to implement logic for real-world contracts. Smart contracts are very similar to object-oriented classes. A smart contract can call another smart contract just like an object-oriented object can create and use objects of another class. Think of smart contracts as a small program consisting of ...
What is a smart contract?
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