4/8 3️⃣ How Do They Work?
⚙️ Smart contracts are coded using programming languages (e.g., Solidity) and deployed on a blockchain. They're triggered by specific events or conditions, and once executed, the outcomes are recorded immutably on the blockchain.
3/8 2️⃣ The Birth of Smart Contracts
🧠 The concept was first proposed by computer scientist Nick Szabo in 1994, but it gained widespread recognition with the launch of Ethereum in 2015, thanks to its native support for smart contracts and decentralized applications (dApps).
2/6 💡 Key takeaways:
🔓 Shanghai unlocks staked ETH withdrawals from the Beacon Chain.
💰 $34B of ETH in the Beacon Deposit Contract, raising questions about potential price impact.
🛠️ Several EIPs will be implemented to enhance the Ethereum network's performance.