What are Ethereum Smart Contracts?

  A smart contract is an often-used word in the blockchain. Yet not many know the exact meaning and what it's used for. In this article, we share all about smart contracts in simple words. Keep reading if you want to learn more about smart contracts . What is a smart contract?  Smart contracts are programs running on a blockchain that have in-built logic and conditions that changes the outcome. These programs run in a decentralized manner by the nodes on the network. Ledgers are where the smart contracts get stored and replicated in.    These decentralized calculations were first theorized in 1994 by Nick Szabo. He aimed to make a way of digitizing contracts that could run as codes on a computer.    Smart contracts quickly became one of the technologies that define the value of the Ethereum network. This was mainly due to Ethereum being a concept for running decentralized applications while other cryptocurrencies aim to be just peer-to-peer digit...