“Smart Contracts : A Revolutionizing concept on Blockchain Technology”

Smart contracts are self-executing contracts that are stored on a blockchain network. They enable the automation of agreements and the transfer of value without the need for intermediaries. The concept of smart contracts was first introduced by Nick Szabo in 1994, but it was only with the advent of blockchain technology that the implementation of smart contracts became possible.

What is cryptocurrency?

Definition Cryptocurrency is a type of digital or virtual currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Cryptocurrencies are decentralized, meaning they are…