What Are Smart Contracts In Web3?

What Are Smart Contracts In Web3?

Smart contracts are one of the essential parts of blockchain development. Just because of intelligent contracts, the blockchain exists.

Smart contracts are deployed in the Ethereum network to run independently of their creators. It is written in a specific programming language which is solidity. This is s high-level programming language is mainly designed to run on the Ethereum virtual machine.

It will always function identically; it cannot be modified. Smart contracts are considered an ideal agent to run financial applications, and they can send and receive cryptocurrencies.

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