What Are Smart Contracts and How Do They Work?

Hello, in today's video we will be presenting our Smart Contracts for Beginners Guide | Everything you need to know about smart contracts. We will answer the questions of what are smart contracts and also, how do smart contracts work? All in a beginner friendly approach. With smart contracts being so new to most, we thought it would be best to create a guide on them.

What is a smart contract in blockchain?

Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without an intermediary's involvement or time loss.


0:00 Introduction
0:02 WHAT ARE SMART CONTRACTS AND HOW DO THEY WORK
0:19 WHAT IS A SMART CONTRACT?
1:30 HOW DO SMART CONTRACTS WORK?
2:53 SMART CONTRACT APPLICATIONS AND BLOCKCHAIN
5:01 SMART CONTRACT ADVANTAGES
6:02 THE FUTURE OF SMART CONTRACTS
7:41 SMART CONTRACT HISTORY AND CREATION

Thanks for watching!