Smart contracts

Quick take - Smart contracts

Smart contracts are tamper-proof programs on blockchains that facilitate automatic transactions by using conditional software logic such as, “if x is true, then execute y".

“Smart contracts are digital agreements that exist as an immutable software program on the blockchain with conditions attached to its execution.” - (Source: What Is a Smart Contract? (https://chain.link/education/smart-contracts))

In depth

it is estimated that over 80% of smart contract use cases require real-world and external events data. Fortunately, oracles allow blockchains to communicate bidirectionally with the real world.

Need source.

Use cases

• Decentralized Finance
• External Payments
• NFTs, Gaming, and Randomness
• Insurance
• Enterprise Systems
• Supply Chain
• Utilities
• Authorization and Identity
• Government
• Sustainability
• Off-Chain Computation

https://blog.chain.link/44-ways-to-enhance-your-smart-contract-with-chainlink/

Smart Contract Resources

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Timeline

Date	Media	Author	Title

Educational

Date	Media	Author	Title
N/A	Official Docs	Chainlink	What Is a Smart Contract?
08 Fe 22	Article	Chainlink	What Are Cross-Chain Smart Contracts?