What are Smart Contracts? A smart contract is a self-executing digital agreement that enables two or more parties to exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the need for a third party. To lay it out in the most simplest way, you can compare smart contracts to a vending machine for complex transactions. Ordinarily, if you have a complex transaction involving significant money, you would need to go to a lawyer or a notary, have them set up an escrow account, pay them, and wait while they do the work and ensure
