What Is a Smart Contract?
Key Takeaways Introduction: The Backbone of Web3 In 2025–2026, smart contracts remain one of the most transformative innovations in blockchain technology. They are the invisible engines behind DeFi platforms, NFT marketplaces, DAOs, tokenized assets, and decentralized applications (dApps). But while the term is widely used, many still misunderstand what smart contracts actually are—and why they…