ELI5: Explain Like I'm 5

Smart contracts

A smart contract is a way to make agreements and exchange money, property, shares, or anything else of value in a secure way. It's like a regular contract you make with someone, but the contract is written in computer code so it is secure, accurate, and can be enforced without having to go to court. Smart contracts also help automate tasks. For example, if you agree to buy something from someone, the smart contract could automatically send the money when the item is delivered. This way, there is no need to wait and trust the other person to send the money.