How does Blockchain smart contract work? — Layman Guide

I have started writing about blockchain this year since I am a lot interested in this emerging technology. In this article, I would be going through the concept of a smart contract and then explaining how does it actually work!

What is a smart contract?

A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain…