Smart Contract definition
Définition
Self-executing code on a blockchain that automatically enforces agreement terms
Pioneered by Nick Szabo in the 1990s, smart contracts gained prominence on Ethereum in 2015, automating processes like escrow services and insurance payouts, reducing the need for trusted third parties. Implementation Details: Languages: Solidity (Ethereum), Rust (Solana), Move (Aptos). Gas Optimization: Storage operations cost ~20,000 gas units. Security Audits: Essential before mainnet deployment. Common Use Cases: DeFi protocols, NFT minting, DAOs, automated market makers, and cross-chain bridges.
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