> For the complete documentation index, see [llms.txt](https://phoenix-gold-network.gitbook.io/phoenix-gold-network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://phoenix-gold-network.gitbook.io/phoenix-gold-network/technical-infrastructure/blockchain-and-smart-contracts.md).

# Blockchain and Smart Contracts

At the core of PGN's technical infrastructure is the utilization of blockchain technology and smart contracts. Blockchain provides a decentralized ledger that records all transactions transparently and immutably, ensuring trust and verifiability across the network. Smart contracts automate the execution of these transactions according to predefined rules and conditions, reducing the need for intermediaries and enhancing the efficiency and security of operations. This combination allows for seamless buying, selling, staking, and redemption of digital gold assets within PGN.


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