Smart contracts are one of the most revolutionary aspects of blockchain technology, enabling decentralized, trustless applications that can execute automatically when certain conditions are met. Ethereum, being the most popular blockchain platform for developing smart contracts, provides a robust environment for creating these self-executing contracts. In this tutorial, we will walk through the basics of smart contracts, how to set up a development environment, write your first smart contract using Solidity, and deploy it on the Ethereum test network.
A smart contract is a self-executing contract with the terms of the agreement directly written into code. It runs on the Ethereum blockchain and automatically enforces the terms of the contract. Once deployed, it operates independently without the need for a central authority or intermediary, making transactions transparent, secure, and immutable.