Smart contracts are digital agreements that are added to a blockchain network and executed automatically by code. They offer many advantages over traditional contracts, such as low costs, speed, and efficiency. The evolution of Smart contracts has triggered a discussion about reevaluating traditional legal agreements, and has led to the development of new programming languages such as Solidity and Vyper to make it easier for developers to create robust Smart contracts. The advancements in Smart contract technology focus on solving two crucial issues: efficiency and scalability.
