# Smart Contract Functionality

By [Saturn](https://paragraph.com/@saturn-2) · 2024-01-19

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Ethereum introduced the concept of smart contracts, self-executing contracts with the terms of the agreement directly written into code. This innovation has enabled the creation of decentralized applications (DApps) and decentralized finance (DeFi) projects.

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*Originally published on [Saturn](https://paragraph.com/@saturn-2/smart-contract-functionality)*