@renik
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PREDICTABLE: Same inputs, always produces same outputs.
HOW SMART CONTRACTS WORK
DEVELOPMENT: Developers write the contract in a programming language like Solidity (for Ethereum) or Rust
(for Solana). The code defines the rules and logic.
COMPILATION: The code is compiled into bytecode, which the blockchain’s virtual machine (e.g Ethereum Virtual Machine, EVM) can understand.
DEPLOYMENT: It is then deployed to the blockchain, where it’s assigned a
unique address. This process requires a transaction/gas fee.
EXECUTION:
Users interact with the contract by sending transactions to its address, triggering its functions, nodes verify the transaction and execute the code.
The contract’s state is updated and stored.
AUTOMATION: Once conditions are met (e.g., a payment is received or a deadline passes), the contract automatically performs actions like transferring funds or updating records.
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