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Bim Nguyen
@bimbim98
In July 2015, the Beta version of ETH was released and gave Ethereum  a new face when operating on smart contracts. ​ You can simply understand that a Smart Contract is an automatic algorithm that is executed when given conditions are satisfied without any human intervention. These smart contracts, once confirmed by the Ethereum Blockchain, cannot be arbitrarily changed or canceled. Ethereum uses smart contracts for its own Blockchain, this Ethereum technology allows the blockchain to track all transactions and related agreements and commitments. That is the potential that ETH brings, and now smart contracts are gradually being applied by developers from the betting and banking sectors.
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