▪️Smart Contract ( SOMA CHAIN )

Smart contracts are an essential part of the Soma Network blockchain. They are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. These contracts automatically execute when the predefined conditions are met, without the need for intermediaries.

Smart contracts on the Soma Network are programmed in Solidity, a programming language designed specifically for writing smart contracts on the Ethereum blockchain. Soma Network is built on top of the Ethereum blockchain, which means that Solidity is also compatible with the Soma Network.

Smart contracts on the Soma Network can be used for a wide range of applications, including:

1. Decentralized marketplaces: Smart contracts can be used to create decentralized marketplaces where buyers and sellers can trade goods and services without the need for intermediaries.

2. Token creation and distribution: Smart contracts can be used to create and distribute tokens on the Soma Network. These tokens can be used for a variety of purposes, such as fundraising, rewards, or as a form of payment.

3. Decentralized finance (DeFi): Smart contracts are a core component of the DeFi ecosystem, and the Soma Network is no exception. They can be used to create decentralized lending and borrowing platforms, as well as automated market makers and other DeFi protocols.

Smart contracts on the Soma Network are executed on the Ethereum Virtual Machine (EVM), which ensures that they are secure and tamper-proof. Once a smart contract is deployed on the Soma Network, it can't be modified, ensuring that the terms of the contract are upheld.