Think of the blockchain as the gas pedal of a car and the smart contract as the foot, that is what allows it to take off.

It is simply code that is programed telling the blockchain what to do. Hive engine has smart contract capability. That is what allows the creation of tokens, tribes, and NFTs.

Ethereum DeFi is all smart contracts. Tokens are locked into them and only released per the code.

In Ethereum, that is at the base layer. For Hive, there are none at the base layer but it is a layer 2 option. H-E uses it and there are other projects like DLUX that are writing code for one also.

Hive is very specific about what it does: posts, comments, token transfer, account setup, etc. A smart contract allows for more dynamic development.

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