Smart contracts consist of code instead of paper. The advantage lies in the automatic execution in the event of certain conditions being met. But what exactly makes intelligent contracts and what is their legal status?
Meanwhile, there are over 2000 of them: cryptocurrencies. The decentralized, cryptographically encrypted, digital coins and notes. They are also decentralized because they are mostly open source software. Anyone can try to develop their own version of Bitcoin.
Solidity is a contact-oriented programming language for writing intelligent contracts. It is used to implement Smart Contracts on various blockchain platforms and developed by some former Ethereum employees — originally only for the blockchain platform Ethereum. Later, the programming language was also used on other blockchains.