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sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum fexzxJ"><div class="sc-hknOHE gwRXjA"><div class="sc-iGgWBj sc-gsFSXq sc-kAyceB sc-573a09a3-3 ikJBEP eSghCw huqynf"><p class="sc-jEACwC sc-9209a559-4 lhdApv giUgkw sc-573a09a3-4 ikQRTD" as="p">Learn</p><h1 class="sc-jEACwC sc-9209a559-1 gdkkkq jTdQka sc-573a09a3-5 eNMnbU">Smart Contract Basics</h1><div class="sc-573a09a3-0 iFFgiY"><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-3 dRXqYR eZfvFl sc-dc87a1f8-9 hcoNrV">A smart contracts platform allows developers to write code to a blockchain, but that alone is not sufficient to build full-fledged products and services that support real, sustainable smart contract use cases that execute safely and efficiently.</p></div></div></div></div><div class="sc-hknOHE sc-573a09a3-1 sc-573a09a3-2 dahayk bqBEFr dpGFKH"><div class="sc-573a09a3-7 kFGnCE"><figure width="100%" height="100%" class="sc-iGgWBj sc-gsFSXq sc-hCPjZK gpOeME ikJBEP ipdJds"><picture><source media="(min-width: 0px) and (max-width: 767px)" srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/365af60e94177cfc5cfa61ba7e71e97610471bc3-4200x3508.png?w=372&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/365af60e94177cfc5cfa61ba7e71e97610471bc3-4200x3508.png?w=372&auto=format&dpr=2 2x"/><source media="(min-width: 768px)" srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/365af60e94177cfc5cfa61ba7e71e97610471bc3-4200x3508.png?w=506&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/365af60e94177cfc5cfa61ba7e71e97610471bc3-4200x3508.png?w=506&auto=format&dpr=2 2x"/><img srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/365af60e94177cfc5cfa61ba7e71e97610471bc3-4200x3508.png?w=372&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/365af60e94177cfc5cfa61ba7e71e97610471bc3-4200x3508.png?w=372&auto=format&dpr=2 2x" loading="eager" class="sc-Nxspf eVicvR"/></picture></figure><div class="sc-8392b04d-0 efIzpB"><video crossorigin="anonymous" class="sc-8392b04d-1 eiuHhq sc-573a09a3-6 HQXPf" preload="none" playsinline=""></video></div></div></div></div></div></section></div><div class="sc-iGgWBj sc-gsFSXq sc-dAlyuH sc-3d25262a-0 ikJBEP ecnKox cSZIvG"><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-3d25262a-1 gssSTW"></div></div></div><div class="sc-iGgWBj sc-gsFSXq sc-dAlyuH sc-da1d5946-1 ikJBEP ecnKox eXsHym"><section id="section-38dc19d0-b41d-4b07-989c-1d31f5cb10bf" class="sc-da1d5946-0 gnWuAw"><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum fexzxJ"><div class="sc-hknOHE RUCBa"><div class="sc-dd309f0f-0 cGUdHz"><p class="sc-jEACwC sc-9209a559-4 lhdApv giUgkw sc-dd309f0f-1 epMTNz" as="p">Background</p><h2 class="sc-jEACwC sc-9209a559-1 gdkkkq jTdQka sc-dd309f0f-3 hOZKpN">The History of Smart Contracts</h2></div></div><div class="sc-hknOHE cMHsOW"><div class="sc-dd309f0f-0 cGUdHz"><div class="sc-dd309f0f-4 fjCIRX"><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-3 dRXqYR eZfvFl sc-dc87a1f8-9 hcoNrV">The idea of smart contracts was originally proposed by <a href="https://en.wikipedia.org/wiki/Nick_Szabo" aria-label="Nick Szabo" variant="inlineLink" class="sc-gEvEer hIFHmP sc-gFqAkR sc-d5dabc6c-4 jOfBNv eMzTvV" target="_blank" rel="noopener noreferrer"><span variant="inlineLink" class="sc-d5dabc6c-5 jowASs"><span class="sc-764b70d3-0 sc-d5dabc6c-0 etxSkp kXrMmW">Nick Szabo</span></span></a> back in the early 1990s as a: “set of promises, specified in digital form, including protocols within which the parties perform on these promises.”</p><p class="sc-764b70d3-0 sc-764b70d3-3 dRXqYR eZfvFl sc-dc87a1f8-9 hcoNrV"></p><p class="sc-764b70d3-0 sc-764b70d3-3 dRXqYR eZfvFl sc-dc87a1f8-9 hcoNrV">Years later, this proposal became a reality with the help of blockchain technology. Smart contracts are a key component of many blockchain-based ecosystems. They can automate complex processes, enforce agreements, and manage digital assets in a trustless system. Smart contracts have the potential to transform the way businesses, applications, and individuals interact and exchange value across various platforms and industries.</p><p class="sc-764b70d3-0 sc-764b70d3-3 dRXqYR eZfvFl sc-dc87a1f8-9 hcoNrV">While Stellar didn’t initially have smart contract capabilities, this decision <a variant="inlineLink" class="sc-gFqAkR sc-d5dabc6c-4 jOfBNv eMzTvV" href="/blog/developers/smart-contracts-on-stellar-why-now"><span variant="inlineLink" class="sc-d5dabc6c-5 jowASs"><span class="sc-764b70d3-0 sc-d5dabc6c-0 etxSkp kXrMmW">was officially reconsidered</span></span></a> in 2022 as the technology advanced and real-world use cases became apparent. Stellar’s native smart contracts platform is called <a variant="inlineLink" class="sc-gFqAkR sc-d5dabc6c-4 jOfBNv eMzTvV" href="/blog/developers/smart-contracts-on-stellar-why-now"><span variant="inlineLink" class="sc-d5dabc6c-5 jowASs"><span class="sc-764b70d3-0 sc-d5dabc6c-0 etxSkp kXrMmW">Soroban</span></span></a>, which is built to be scalable and developer-friendly.</p></div></div></div></div></div></div></section></div><div class="sc-3d25262a-2 iJlKLH"><div class="sc-3d25262a-3 hCFBMH"></div></div><div class="sc-iGgWBj sc-gsFSXq sc-dAlyuH sc-da1d5946-1 ikJBEP gckTaj eXsHym"><section id="section-d298b0d6-6dd3-43eb-a340-68a5ab28cb36" class="sc-da1d5946-0 gnWuAw"><div class="sc-dd309f0f-5 earVzt"><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum fexzxJ"><div class="sc-hknOHE cMHsOW"><p class="sc-jEACwC sc-9209a559-4 lhdApv fyIHPe sc-dd309f0f-1 epMTNz" as="p">About</p><h2 class="sc-jEACwC sc-9209a559-1 gdkkkq cptdsg sc-dd309f0f-3 hOZKpN">What is a Smart Contract?</h2><div class="sc-dd309f0f-4 fjCIRX"><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-3 hxhQtP eZfvFl sc-dc87a1f8-9 hcoNrV">A smart contract is a self-executing program that is run and stored on a blockchain network. Smart contracts execute automatically when predefined terms and conditions are met without the need for intermediaries such as banks, lawyers, or voting authorities. They can also automate complex workflows by triggering the next action when certain conditions are met.</p><p class="sc-764b70d3-0 sc-764b70d3-3 hxhQtP eZfvFl sc-dc87a1f8-9 hcoNrV">Smart contracts can operate independently, but many decentralized applications (dApps) implement several contracts that work together to achieve certain functionalities.</p></div></div></div></div></div></div></section></div><div class="sc-3d25262a-2 LDORx"><div class="sc-3d25262a-3 eHYMYx"></div></div><div class="sc-iGgWBj sc-gsFSXq sc-dAlyuH sc-da1d5946-1 ikJBEP ecnKox eXsHym"><section id="section-03220197-9455-43ff-895e-19ffbcc26162" class="sc-da1d5946-0 gnWuAw"><div direction="column" class="sc-iGgWBj sc-gsFSXq sc-kAyceB ikJBEP dXtEuA"><div class="sc-dd309f0f-5 earVzt"><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum fexzxJ"><div class="sc-hknOHE cMHsOW"><p class="sc-jEACwC sc-9209a559-4 lhdApv giUgkw sc-dd309f0f-1 epMTNz" as="p">Benefits</p><h2 class="sc-jEACwC sc-9209a559-1 gdkkkq jTdQka sc-dd309f0f-3 hOZKpN">What are the Benefits of Smart Contracts?</h2></div></div></div></div><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum evQMIw"><div class="sc-hknOHE sc-19711ccd-0 cCbdpO gWZgwG"><div><div class="sc-d44f74bd-0 fhVPDK"><figure width="100%" height="100%" class="sc-iGgWBj sc-gsFSXq sc-hCPjZK gpOeME ikJBEP ipdJds"><picture><source media="(min-width: 0px)" srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/944da59928e203fd98cb577e48a462bd28f27946-1100x1100.png?w=128&h=128&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/944da59928e203fd98cb577e48a462bd28f27946-1100x1100.png?w=128&h=128&auto=format&dpr=2 2x"/><img srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/944da59928e203fd98cb577e48a462bd28f27946-1100x1100.png?w=128&h=128&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/944da59928e203fd98cb577e48a462bd28f27946-1100x1100.png?w=128&h=128&auto=format&dpr=2 2x" loading="lazy" alt="Time and Cost Efficiency" class="sc-Nxspf eVicvR"/></picture></figure></div><h3 class="sc-764b70d3-0 sc-764b70d3-2 kNJyNP bSRzNQ sc-764b70d3-0 sc-764b70d3-3 sc-d44f74bd-1 kNJyNP eZfvFl iROKbH">Time and Cost Efficiency</h3><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-4 dRXqYR hShpuG sc-dc87a1f8-9 hcoNrV">Smart contracts are digital and automated, which streamlines processes and saves time and money. Without the need for intermediaries, there’s no paperwork, no back and forth between parties, and less chance for human error and manipulation.</p></div></div></div><div class="sc-hknOHE sc-19711ccd-0 cCbdpO gWZgwG"><div><div class="sc-d44f74bd-0 fhVPDK"><figure width="100%" height="100%" class="sc-iGgWBj sc-gsFSXq sc-hCPjZK gpOeME ikJBEP ipdJds"><picture><source media="(min-width: 0px)" srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/edb08fc2dcabfca6196470f11c2f32ac7b80d139-1100x1100.png?w=128&h=128&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/edb08fc2dcabfca6196470f11c2f32ac7b80d139-1100x1100.png?w=128&h=128&auto=format&dpr=2 2x"/><img srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/edb08fc2dcabfca6196470f11c2f32ac7b80d139-1100x1100.png?w=128&h=128&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/edb08fc2dcabfca6196470f11c2f32ac7b80d139-1100x1100.png?w=128&h=128&auto=format&dpr=2 2x" loading="lazy" alt="Trust and Transparency" class="sc-Nxspf eVicvR"/></picture></figure></div><h3 class="sc-764b70d3-0 sc-764b70d3-2 kNJyNP bSRzNQ sc-764b70d3-0 sc-764b70d3-3 sc-d44f74bd-1 kNJyNP eZfvFl iROKbH">Trust and Transparency</h3><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-4 dRXqYR hShpuG sc-dc87a1f8-9 hcoNrV">Smart contracts are transparent due to their underlying blockchain technology. Once a smart contract is deployed on the blockchain, its code and associated transactions are publicly accessible and cannot be altered. Participants are able to independently verify a contract’s terms, behavior, and outcome.</p></div></div></div><div class="sc-hknOHE sc-19711ccd-0 cCbdpO gWZgwG"><div><div class="sc-d44f74bd-0 fhVPDK"><figure width="100%" height="100%" class="sc-iGgWBj sc-gsFSXq sc-hCPjZK gpOeME ikJBEP ipdJds"><picture><source media="(min-width: 0px)" srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/5ddf825bfd52bf25a3c15551c20fa0ef434adcf6-1100x1100.png?w=128&h=128&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/5ddf825bfd52bf25a3c15551c20fa0ef434adcf6-1100x1100.png?w=128&h=128&auto=format&dpr=2 2x"/><img srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/5ddf825bfd52bf25a3c15551c20fa0ef434adcf6-1100x1100.png?w=128&h=128&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/5ddf825bfd52bf25a3c15551c20fa0ef434adcf6-1100x1100.png?w=128&h=128&auto=format&dpr=2 2x" loading="lazy" alt="Security" class="sc-Nxspf eVicvR"/></picture></figure></div><h3 class="sc-764b70d3-0 sc-764b70d3-2 kNJyNP bSRzNQ sc-764b70d3-0 sc-764b70d3-3 sc-d44f74bd-1 kNJyNP eZfvFl iROKbH">Security</h3><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-4 dRXqYR hShpuG sc-dc87a1f8-9 hcoNrV">Smart contracts are encrypted and leverage cryptographic security techniques, such as digital signatures and hashing, to protect data integrity and authenticate participants. Once a smart contract is deployed on a blockchain, its code and transactions are immutable.</p></div></div></div><div class="sc-hknOHE sc-19711ccd-0 cCbdpO gWZgwG"><div><div class="sc-d44f74bd-0 fhVPDK"><figure width="100%" height="100%" class="sc-iGgWBj sc-gsFSXq sc-hCPjZK gpOeME ikJBEP ipdJds"><picture><source media="(min-width: 0px)" srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/30f460133baa5c51d3822bd4dee4281a63b669ab-1100x1100.png?w=128&h=128&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/30f460133baa5c51d3822bd4dee4281a63b669ab-1100x1100.png?w=128&h=128&auto=format&dpr=2 2x"/><img srcSet="https://cdn.sanity.io/images/e2r40yh6/production-i18n/30f460133baa5c51d3822bd4dee4281a63b669ab-1100x1100.png?w=128&h=128&auto=format, https://cdn.sanity.io/images/e2r40yh6/production-i18n/30f460133baa5c51d3822bd4dee4281a63b669ab-1100x1100.png?w=128&h=128&auto=format&dpr=2 2x" loading="lazy" alt="Permissionless" class="sc-Nxspf eVicvR"/></picture></figure></div><h3 class="sc-764b70d3-0 sc-764b70d3-2 kNJyNP bSRzNQ sc-764b70d3-0 sc-764b70d3-3 sc-d44f74bd-1 kNJyNP eZfvFl iROKbH">Permissionless</h3><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-4 dRXqYR hShpuG sc-dc87a1f8-9 hcoNrV">Stellar and Soroban are open-source, and anyone can write a smart contract and deploy it to the Stellar network as long as they know how to code in a supported smart contract language.</p></div></div></div></div></div></div></section></div><div class="sc-3d25262a-2 iFrXA-D"><div class="sc-3d25262a-3 hCFBMH"></div></div><div class="sc-iGgWBj sc-gsFSXq sc-dAlyuH sc-da1d5946-1 ikJBEP gZyFmP eXsHym"><section id="section-c22ec693-eb99-4532-aa2d-49abb0619ce8" class="sc-da1d5946-0 gnWuAw"><div direction="column" class="sc-iGgWBj sc-gsFSXq sc-kAyceB ikJBEP dXtEuA"><div class="sc-dd309f0f-5 earVzt"><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum fexzxJ"><div class="sc-hknOHE cMHsOW"><p class="sc-jEACwC sc-9209a559-4 lhdApv giUgkw sc-dd309f0f-1 epMTNz" as="p">How It Works</p><h2 class="sc-jEACwC sc-9209a559-1 gdkkkq jTdQka sc-dd309f0f-3 hOZKpN">How do Smart Contracts Work?</h2></div></div></div></div><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum evQMIw"><div class="sc-hknOHE sc-19711ccd-0 pIBJx gWZgwG"><div><h3 class="sc-764b70d3-0 sc-764b70d3-3 kNJyNP eZfvFl sc-764b70d3-0 sc-764b70d3-3 sc-d44f74bd-1 kNJyNP eZfvFl iROKbH">Write</h3><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-4 dRXqYR hShpuG sc-dc87a1f8-9 hcoNrV">The developer writes the smart contract using a programming language supported by the platform. Writing the contract consists of defining the contract’s terms and conditions, functions, and rules for execution.</p><p class="sc-764b70d3-0 sc-764b70d3-4 dRXqYR hShpuG sc-dc87a1f8-9 hcoNrV"><br/></p></div></div></div><div class="sc-hknOHE sc-19711ccd-0 pIBJx gWZgwG"><div><h3 class="sc-764b70d3-0 sc-764b70d3-3 kNJyNP eZfvFl sc-764b70d3-0 sc-764b70d3-3 sc-d44f74bd-1 kNJyNP eZfvFl iROKbH">Test</h3><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-4 dRXqYR hShpuG sc-dc87a1f8-9 hcoNrV">Once the contract is written, the developer tests the smart contract in a local or testnet environment to ensure everything works correctly.</p></div></div></div><div class="sc-hknOHE sc-19711ccd-0 pIBJx gWZgwG"><div><h3 class="sc-764b70d3-0 sc-764b70d3-3 kNJyNP eZfvFl sc-764b70d3-0 sc-764b70d3-3 sc-d44f74bd-1 kNJyNP eZfvFl iROKbH">Deploy</h3><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-4 dRXqYR hShpuG sc-dc87a1f8-9 hcoNrV">Next, the developer deploys the smart contract to the blockchain’s mainnet by submitting a transaction with the compiled contract code.</p></div></div></div><div class="sc-hknOHE sc-19711ccd-0 pIBJx gWZgwG"><div><h3 class="sc-764b70d3-0 sc-764b70d3-3 kNJyNP eZfvFl sc-764b70d3-0 sc-764b70d3-3 sc-d44f74bd-1 kNJyNP eZfvFl iROKbH">Invoke</h3><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-4 dRXqYR hShpuG sc-dc87a1f8-9 hcoNrV">When the contract is deployed, others can interact with it by sending transactions that invoke its functions. These interactions trigger the contract’s execution, and the blockchain network validates and records the resulting state changes.</p></div></div></div></div></div></div></section></div><div class="sc-3d25262a-2 iJlKLH"><div class="sc-3d25262a-3 ldylwh"></div></div><div class="sc-iGgWBj sc-gsFSXq sc-dAlyuH sc-da1d5946-1 ikJBEP gckTaj eXsHym"><section id="section-d30e7bb8-3112-4631-80b5-5e5446e68583" class="sc-da1d5946-0 gnWuAw"><div direction="column" class="sc-iGgWBj sc-gsFSXq sc-kAyceB ikJBEP dXtEuA"><div class="sc-dd309f0f-5 earVzt"><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum fexzxJ"><div class="sc-hknOHE cMHsOW"><p class="sc-jEACwC sc-9209a559-4 lhdApv fyIHPe sc-dd309f0f-1 epMTNz" as="p">Common Applications</p><h2 class="sc-jEACwC sc-9209a559-1 gdkkkq cptdsg sc-dd309f0f-3 hOZKpN">Smart Contracts in Practice</h2></div></div></div></div><div class="sc-68157fac-1 gVXigY sc-319205f0-2 PctKT"><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-68157fac-0 cLfLxK"><div class="sc-iGgWBj sc-gsFSXq sc-kAyceB ikJBEP XtkJg"><button data-testid="carousel-prev-button" disabled="" aria-label="[previous]" class="sc-f92f1845-0 iclfSD"><span class="sc-e6312a10-0 bESmUn"><span class="sc-e6312a10-1 fuBLHd" style="transform:translateX(0) translateY(0) translateZ(0)"><span color="inherit" class="sc-a4160e56-0 iKvGAc"><svg viewBox="0 0 16 16"><path d="M5.7071 8.00004L11.3535 2.35359L10.6464 1.64648L4.29289 8.00004L10.6464 14.3536L11.3535 13.6465L5.7071 8.00004Z"></path></svg></span></span><span class="sc-e6312a10-1 fuBLHd" style="transform:translateX(100%) translateY(0) translateZ(0)"><span color="inherit" class="sc-a4160e56-0 iKvGAc"><svg viewBox="0 0 16 16"><path d="M5.7071 8.00004L11.3535 2.35359L10.6464 1.64648L4.29289 8.00004L10.6464 14.3536L11.3535 13.6465L5.7071 8.00004Z"></path></svg></span></span></span></button><button data-testid="carousel-next-button" aria-label="[next]" class="sc-f92f1845-0 VSETx"><span class="sc-e6312a10-0 bESmUn"><span class="sc-e6312a10-1 fuBLHd" style="transform:translateX(0) translateY(0) translateZ(0)"><span color="inherit" class="sc-a4160e56-0 iKvGAc"><svg viewBox="0 0 16 16"><path d="M10.2929 8.00004L4.64645 2.35359L5.35356 1.64648L11.7071 8.00004L5.35356 14.3536L4.64645 13.6465L10.2929 8.00004Z"></path></svg></span></span><span class="sc-e6312a10-1 fuBLHd" style="transform:translateX(-100%) translateY(0) translateZ(0)"><span color="inherit" class="sc-a4160e56-0 iKvGAc"><svg viewBox="0 0 16 16"><path d="M10.2929 8.00004L4.64645 2.35359L5.35356 1.64648L11.7071 8.00004L5.35356 14.3536L4.64645 13.6465L10.2929 8.00004Z"></path></svg></span></span></span></button></div></div><div class="sc-68157fac-4 hbqYEP"><div class="sc-68157fac-3 bRuQtx" draggable="false" style="-webkit-touch-callout:none;-webkit-user-select:none;user-select:none;touch-action:pan-y"><div class="sc-68157fac-2 bjbOhs"><div draggable="false" data-testid="card" class="sc-72519812-0 boibmg"><div class="sc-72519812-5 exvgSh"><div data-row="title" class="sc-72519812-3 hgLfYz"><h3 class="sc-764b70d3-0 sc-764b70d3-3 kNJyNP eZfvFl">Voting Systems and DAO Governance</h3></div><div class="sc-72519812-7 eSqxnD"><p class="sc-764b70d3-0 sc-764b70d3-4 sc-72519812-8 dRXqYR hShpuG eeUMoa">Current systems are susceptible to voter manipulation and fraud. With smart contracts, votes are unchangeable and irreversible. Smart…</p></div></div></div></div><div class="sc-68157fac-2 bjbOhs"><div draggable="false" data-testid="card" class="sc-72519812-0 boibmg"><div class="sc-72519812-5 exvgSh"><div data-row="title" class="sc-72519812-3 hgLfYz"><h3 class="sc-764b70d3-0 sc-764b70d3-3 kNJyNP eZfvFl">Decentralized Finance (DeFi)</h3></div><div class="sc-72519812-7 eSqxnD"><p class="sc-764b70d3-0 sc-764b70d3-4 sc-72519812-8 dRXqYR hShpuG eeUMoa">DeFi applications provide a more trustless, immutable, and transparent alternative to traditional financial services.</p></div></div></div></div><div class="sc-68157fac-2 bjbOhs"><div draggable="false" data-testid="card" class="sc-72519812-0 boibmg"><div class="sc-72519812-5 exvgSh"><div data-row="title" class="sc-72519812-3 hgLfYz"><h3 class="sc-764b70d3-0 sc-764b70d3-3 kNJyNP eZfvFl">NFTs and Gaming</h3></div><div class="sc-72519812-7 eSqxnD"><p class="sc-764b70d3-0 sc-764b70d3-4 sc-72519812-8 dRXqYR hShpuG eeUMoa">Smart contracts are used in gaming to allow the creation, ownership, and trading of in-game assets, often as non-fungible tokens (NFTs). </p></div></div></div></div><div class="sc-68157fac-2 bjbOhs"><div draggable="false" data-testid="card" class="sc-72519812-0 boibmg"><div class="sc-72519812-5 exvgSh"><div data-row="title" class="sc-72519812-3 hgLfYz"><h3 class="sc-764b70d3-0 sc-764b70d3-3 kNJyNP eZfvFl">Supply Chain Management</h3></div><div class="sc-72519812-7 eSqxnD"><p class="sc-764b70d3-0 sc-764b70d3-4 sc-72519812-8 dRXqYR hShpuG eeUMoa">Smart contracts would be able to track and verify the movement of goods, ensuring product authenticity and streamlining logistics.</p></div></div></div></div></div></div></div></div></div></section></div><div class="sc-3d25262a-2 jtuOGR"><div class="sc-3d25262a-3 eHYMYx"></div></div><div class="sc-iGgWBj sc-gsFSXq sc-dAlyuH sc-da1d5946-1 ikJBEP jDFImh eXsHym"><section id="section-551916d128c5" class="sc-da1d5946-0 gnWuAw"><div class="sc-dd309f0f-5 earVzt"><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum fexzxJ"><div class="sc-hknOHE cMHsOW"><p class="sc-jEACwC sc-9209a559-4 lhdApv giUgkw sc-dd309f0f-1 epMTNz" as="p">Explore</p><h2 class="sc-jEACwC sc-9209a559-1 gdkkkq jTdQka sc-dd309f0f-3 hOZKpN">Smart Contracts on Stellar</h2><div class="sc-dd309f0f-4 fjCIRX"><div class="sc-dc87a1f8-3 hwmyCI"><p class="sc-764b70d3-0 sc-764b70d3-3 dRXqYR eZfvFl sc-dc87a1f8-9 hcoNrV">Learn more about Soroban, a developer-friendly, Rust-based smart contracts platform designed for scale and sensibility.</p></div></div><div class="sc-13b34149-1 djbpcb"><div class="sc-13b34149-0 iKfKAq"><a data-testid="cta" aria-label="Read More" variant="primaryButton" class="sc-gFqAkR sc-d5dabc6c-4 jOfBNv hmowcZ" href="/soroban"><span variant="primaryButton" class="sc-d5dabc6c-5 gXcUZW"><span class="sc-764b70d3-0 sc-764b70d3-4 sc-d5dabc6c-3 boTXTn hShpuG gmZWPm">Read More</span><span class="sc-e6312a10-0 gFkxCC"><span class="sc-e6312a10-1 fuBLHd" style="transform:translateX(0) translateY(0) translateZ(0)"><span color="rgb(15, 15, 15)" class="sc-a4160e56-0 jKyvz"><svg viewBox="0 0 16 16"><path d="M12.4393 8.50001H1.64642V7.50001H12.4393L7.29287 2.35356L7.99998 1.64645L14 7.64645L14.3535 8.00001L14 8.35356L7.99998 14.3536L7.29287 13.6465L12.4393 8.50001Z"></path></svg></span></span><span class="sc-e6312a10-1 fuBLHd" style="transform:translateX(-100%) translateY(0) translateZ(0)"><span color="rgb(15, 15, 15)" class="sc-a4160e56-0 jKyvz"><svg viewBox="0 0 16 16"><path d="M12.4393 8.50001H1.64642V7.50001H12.4393L7.29287 2.35356L7.99998 1.64645L14 7.64645L14.3535 8.00001L14 8.35356L7.99998 14.3536L7.29287 13.6465L12.4393 8.50001Z"></path></svg></span></span></span></span></a></div></div></div></div></div></div></section></div><div class="sc-3d25262a-2 LDORx"><div class="sc-3d25262a-3 jFjxVv"></div></div><div class="sc-iGgWBj sc-gsFSXq sc-dAlyuH sc-da1d5946-1 ikJBEP ecnKox eXsHym"><section id="section-603d8f95-72c2-4115-bd89-9d996e5c2580" class="sc-da1d5946-0 gnWuAw"><div direction="column" class="sc-iGgWBj sc-gsFSXq sc-kAyceB ikJBEP dXtEuA"><div class="sc-dd309f0f-5 earVzt"><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum fexzxJ"><div class="sc-hknOHE cMHsOW"><p class="sc-jEACwC sc-9209a559-4 lhdApv giUgkw sc-dd309f0f-1 epMTNz" as="p">Explore Next</p><h2 class="sc-jEACwC sc-9209a559-1 gdkkkq jTdQka sc-dd309f0f-3 hOZKpN">Your Next Read</h2></div></div></div></div><div width="100%" class="sc-iGgWBj sc-gsFSXq sc-hmdomO sc-a04cb64f-0 fwKMda ikJBEP fpGmYQ kcwbzJ"><div class="sc-iGgWBj sc-gsFSXq sc-fBWQRz sc-c58fb0ed-0 ikJBEP eebKum fexzxJ"><div class="sc-hknOHE sc-319205f0-0 pIBJx vdgcX"><div draggable="false" data-testid="card" class="sc-72519812-0 boibmg"><div class="sc-72519812-1 gVhxZf"><figure width="100%" height="100%" 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loading="lazy" draggable="false" class="sc-Nxspf eVicvR"/></picture></figure></div><div class="sc-72519812-5 VUkPN"><div data-row="title" class="sc-72519812-3 hgLfYz"><h3 class="sc-764b70d3-0 sc-764b70d3-2 kNJyNP bSRzNQ">Smart Contract Building Blocks</h3></div><div data-row="tags" class="sc-81480bd7-0 iFNsDC"><p class="sc-764b70d3-0 sc-764b70d3-6 sc-6c4e5f6b-0 etxSkp hOVUbo eAqYaG">Smart Contracts</p></div><div class="sc-72519812-7 eSqxnD"><p class="sc-764b70d3-0 sc-764b70d3-4 sc-72519812-8 dRXqYR hShpuG eeUMoa">Explore building blocks for secure Smart Contract use cases.</p></div><a draggable="false" class="sc-gFqAkR sc-d5dabc6c-4 jOfBNv hAMTt sc-72519812-9 hcaFIh" aria-label="Read More" variant="textButton" href="/learn/smart-contract-building-blocks"><span variant="textButton" class="sc-d5dabc6c-5 eKVqKg"><span class="sc-764b70d3-0 sc-764b70d3-4 sc-d5dabc6c-3 etxSkp hShpuG gmZWPm">Read More</span><span class="sc-e6312a10-0 jcoZlF"><span class="sc-e6312a10-1 fuBLHd" style="transform:translateX(0) translateY(0) translateZ(0)"><span color="rgb(15, 15, 15)" class="sc-a4160e56-0 jKyvz"><svg viewBox="0 0 16 16"><path d="M12.4393 8.50001H1.64642V7.50001H12.4393L7.29287 2.35356L7.99998 1.64645L14 7.64645L14.3535 8.00001L14 8.35356L7.99998 14.3536L7.29287 13.6465L12.4393 8.50001Z"></path></svg></span></span><span class="sc-e6312a10-1 fuBLHd" style="transform:translateX(-100%) translateY(0) translateZ(0)"><span color="rgb(15, 15, 15)" class="sc-a4160e56-0 jKyvz"><svg viewBox="0 0 16 16"><path d="M12.4393 8.50001H1.64642V7.50001H12.4393L7.29287 2.35356L7.99998 1.64645L14 7.64645L14.3535 8.00001L14 8.35356L7.99998 14.3536L7.29287 13.6465L12.4393 8.50001Z"></path></svg></span></span></span></span></a></div></div></div><div class="sc-hknOHE sc-319205f0-0 pIBJx vdgcX"><div draggable="false" data-testid="card" class="sc-72519812-0 boibmg"><div class="sc-72519812-1 gVhxZf"><figure width="100%" height="100%" class="sc-iGgWBj sc-gsFSXq sc-hCPjZK gpOeME ikJBEP 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loading="lazy" draggable="false" class="sc-Nxspf eVicvR"/></picture></figure></div><div class="sc-72519812-5 VUkPN"><div data-row="title" class="sc-72519812-3 hgLfYz"><h3 class="sc-764b70d3-0 sc-764b70d3-2 kNJyNP bSRzNQ">Oracles</h3></div><div data-row="tags" class="sc-81480bd7-0 iFNsDC"><p class="sc-764b70d3-0 sc-764b70d3-6 sc-6c4e5f6b-0 etxSkp hOVUbo eAqYaG">Smart Contracts</p></div><div class="sc-72519812-7 eSqxnD"><p class="sc-764b70d3-0 sc-764b70d3-4 sc-72519812-8 dRXqYR hShpuG eeUMoa">Understanding blockchain Oracles in Smart Contracts.</p></div><a draggable="false" class="sc-gFqAkR sc-d5dabc6c-4 jOfBNv hAMTt sc-72519812-9 hcaFIh" aria-label="View" variant="textButton" href="/learn/smart-contract-basics-oracles"><span variant="textButton" class="sc-d5dabc6c-5 eKVqKg"><span class="sc-764b70d3-0 sc-764b70d3-4 sc-d5dabc6c-3 etxSkp hShpuG gmZWPm">View</span><span class="sc-e6312a10-0 jcoZlF"><span class="sc-e6312a10-1 fuBLHd" style="transform:translateX(0) translateY(0) 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loading="lazy" draggable="false" class="sc-Nxspf eVicvR"/></picture></figure></div><div class="sc-72519812-5 VUkPN"><div data-row="title" class="sc-72519812-3 hgLfYz"><h3 class="sc-764b70d3-0 sc-764b70d3-2 kNJyNP bSRzNQ">Soroban: Smart Contracts Docs</h3></div><div class="sc-72519812-7 eSqxnD"><p class="sc-764b70d3-0 sc-764b70d3-4 sc-72519812-8 dRXqYR hShpuG eeUMoa">Start building on Soroban today with the help of established tools and documentation</p></div><a href="https://developers.stellar.org/docs/smart-contracts" draggable="false" class="sc-gEvEer hIFHmP sc-gFqAkR sc-d5dabc6c-4 jOfBNv hAMTt sc-72519812-9 hcaFIh" aria-label="Go (opens in a new tab)" variant="textButton" target="_blank" rel="noopener noreferrer"><span variant="textButton" class="sc-d5dabc6c-5 eKVqKg"><span class="sc-764b70d3-0 sc-764b70d3-4 sc-d5dabc6c-3 etxSkp hShpuG gmZWPm">Go</span><span class="sc-e6312a10-0 jcoZlF"><span class="sc-e6312a10-1 fuBLHd" style="transform:translateX(0) translateY(0) 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133.983 31.7897 136.507 31.7897ZM119.136 5.90625H115.602V34.0742H119.136V5.90625ZM122.668 5.90625H126.202V34.0742H122.668V5.90625Z" fill="currentColor"></path></g></svg></a></div><div class="sc-hknOHE sc-9848ee34-5 jSSGba kXpfcY"><div class="sc-9848ee34-2 dqixEQ"><h3 class="sc-764b70d3-0 sc-764b70d3-5 hWhDUB hmwmr">ABOUT US</h3><ul class="sc-9848ee34-3 LoQnK"><li class="sc-9848ee34-4 hEdJO"><a data-testid="doormat-link" aria-label="Stellar Development Foundation" variant="textButton" class="sc-gFqAkR sc-d5dabc6c-4 jOfBNv xNdJB" href="/foundation"><span variant="textButton" class="sc-d5dabc6c-5 eKVqKg"><span class="sc-764b70d3-0 sc-764b70d3-4 sc-d5dabc6c-3 fzHqfd hShpuG gmZWPm">Stellar Development Foundation</span></span></a></li><li class="sc-9848ee34-4 hEdJO"><a data-testid="doormat-link" aria-label="Team" variant="textButton" class="sc-gFqAkR sc-d5dabc6c-4 jOfBNv xNdJB" href="/foundation/team"><span variant="textButton" class="sc-d5dabc6c-5 eKVqKg"><span class="sc-764b70d3-0 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smart contracts platform allows developers to write code to a blockchain, but that alone is not sufficient to build full-fledged products and services that support real, sustainable smart contract use cases that execute safely and efficiently.","_key":"e3f10b0f6d5e0"}],"_type":"richText","style":"normal","_key":"de07e80ee479"}],"assets":{"image":"https://cdn.sanity.io/images/e2r40yh6/production-i18n/433fbbc7c9b5b208163fd10f605dd8d6a60d62b3-1920x800.png","mobileImage":"https://cdn.sanity.io/images/e2r40yh6/production-i18n/dc5a69c0f442b15661f4cde9a974e57441f4b8a6-550x750.png"},"hasCustomIntro":true,"_key":"5211cb68-34ac-47f2-8c89-89c9a73a93a5","title":"Smart Contract Basics","subtitle":"Learn","isHero":true,"ctas":null},"showInCollection":true,"_createdAt":"2023-08-18T19:43:50Z","seoData":{"title":"Smart Contract Basics","description":"Smart contracts are self executing programs run on the blockchain network. 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Smart contracts are a key component of many blockchain-based ecosystems. They can automate complex processes, enforce agreements, and manage digital assets in a trustless system. Smart contracts have the potential to transform the way businesses, applications, and individuals interact and exchange value across various platforms and industries.","_key":"69544e910e860","_type":"span"}],"_type":"richText","style":"normal"},{"style":"normal","_key":"238a3a81f38d","markDefs":[{"route":{"url":"/blog/developers/smart-contracts-on-stellar-why-now"},"_type":"internalLink","_key":"7ede88b4bd5c"},{"route":{"url":"/blog/developers/smart-contracts-on-stellar-why-now"},"_type":"internalLink","_key":"53848858b14d"}],"children":[{"_type":"span","marks":[],"text":"While Stellar didn’t initially have smart contract capabilities, this decision ","_key":"25aa5901fb420"},{"_key":"cd0034a79ecf","_type":"span","marks":["7ede88b4bd5c"],"text":"was officially reconsidered"},{"text":" in 2022 as the technology advanced and real-world use cases became apparent. 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