A network contract is a set of rules or agreements coded into a blockchain that governs the interactions among users, applications, or other contracts. These contracts are self-executing, meaning they automatically enforce the agreed-upon terms without needing intermediaries. Once deployed, a network contract operates on a decentralized network, ensuring that all participants can interact with the contract transparently and trustlessly. This promotes security and reduces the potential for fraud, as the outcomes are determined by the code itself.Network contracts can serve various purposes, including facilitating transactions, managing decentralized applications, or governing organizational behavior within decentralized autonomous organizations (DAOs). They play a crucial role in enabling functionalities like token exchanges, lending, and voting systems within blockchain ecosystems.Overall, network contracts empower users with greater control over their digital assets and interactions while ensuring compliance with the established rules and agreements.