How ethereum smart contracts work

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Ethereum virtual machine EVM. A smart contract, like a is the maximum contract size.

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Smart contracts for beginners, explained (in 6 minutes) - Cryptopedia
Smart contracts are computer programs that act only after specific conditions are met. Put another way, it's a protocol that executes the terms of a contract. Smart contracts are stored on the blockchain, which means they inherit certain properties. Out of the properties, two are of note�immutability. Smart contracts are.

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Ethereum has already seen millions of dollars of losses from exploited vulnerabilities in smart contracts. Smart contract use cases Smart contracts can do essentially anything that computer programs can do. Implementing smart contracts is one of the most prominent uses of blockchain technology. Smart contracts can define rules, like a regular contract, and automatically enforce them via the code.

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