Blockchains are replicated, decentralized shared ledger. Smart contracts are digital protocols that allow us to work with digital assets and allow executing code without third parties on the blockchain. There are public blockchains and private blockchains and while both of them can have smart contracts, in this blog we will focus on ethereum, a public blockchain, because it is the most popular platform for writing smart contracts and building decentralized applications.

Blockchains enable us to create smart contracts that can run and function in a decentralized and trustless manner. The potential advantages of creating trustless systems using smart contracts are enormous, and as a result, we are seeing a boom in smart contract-based decentralized application development.


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