How Smart Contracts work

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How Smart Contracts work: From code to On-Chain Execution (2026)

how Smart Contracts work

Smart contracts did not emerge because developers wanted to put legal contracts on the blockchain. They emerged because modern digital business relies on rules, automation, and trust between parties who do not know each other. In traditional systems, these rules are enforced by institutions: banks, platforms, legal entities, or internal operations teams. This works, but…