Can somebody explain what a smart contract is?
Well, I will try to put it as simply as possible. A smart contract is a technology, which can guarantee security of any operations. The parties to the contract have an equal access to it, and unless borth parties fulfill the conditions of the contract in a good faith, the smart contract wouldn't approve the operation. Thus, smart contracts offer a new way to conduct almost any types of deals without the third part (like notary officer for example) and guarantee absolute security of the money and information transfered via smart contracts
