"智能合约是一种计算机协议,用于数字化促进验证或执行合同的谈判或履行。"
— Vitalik Buterin
Simplified Meaning:
Imagine you're renting an apartment. Normally, you would sign a paper agreement with the landlord. A smart contract does the same thing, but it's managed by a computer program. This program makes sure that both you and the landlord follow the rules of the agreement. For example, if you pay your rent, the program automatically updates the system to show you have paid. If there's a problem, like if the landlord doesn't fix a broken pipe, it can also automatically handle consequences, like withholding rent until the issue is fixed. This way, everyone follows the rules without the need for a middleman. Using smart contracts can make deals faster, safer, and more reliable because the computer program handles everything by itself.