What are Smart Contracts? | TradFi to DeFi Podcast - Episode 2

What are Smart Contracts, and why do they matter?
Smart contracts are crucial to the functioning of a healthy Decentralized Finance ecosystem, but what makes them unique? We explore these questions and more.

Timestamps:
2:52 Vending Machine
4:30 Smart contracts explained
5:10 Collateralized Loans
6:52 Smart Contracts are Open-Source
8:14 Inheriting Immutability
9:24 Smart Contracts minimize counterparty risk
10:40 Smart Contracts ensure payments automatically
12:00 John's favorite smart contracts

What is TradFi to DeFi?
TradFi to DeFi is a community of like-minded crypto enthusiasts. We are a networking hub, project incubator, talent connector, mentorship provider, and opportunity maximizer for the DeFi user, whether new or experienced.

What is our mission? As the world transitions from the status quo of Traditional Finance (TradFi) to the emerging world of Decentralized Finance (DeFi), there is a tremendous need for talent that can navigate this brave new world. We structured this podcast to equip you with the skills needed to understand DeFi tools while also providing opportunities for learning, networking, and professional development.

How can I get involved?
Follow us on Twitter: https://twitter.com/TradFitoDeFi
Join us on Discord: https://discord.gg/uqjzvJEeYc