Wallets in real life are objects that we use to store money or valuables, such as credit and debit cards. On the blockchain, wallets do not hold money or coins, but keys. Basically, wallets are software that are capable of creating and managing accounts on one or more blockchains, as…

Smart contracts are pieces of code where someone can use their business logic on top of the security, immutability and transparency of blockchains. It is a way to extend the use of blockchains in a customized way. Before the implementation of smart contracts, which were pioneered by the Ethereum network…