CRYPTO GLOSSARY · TECH

What is Smart Contract?

Self-executing code on a blockchain.

📖 Full Definition

A smart contract is a self-executing contract with the terms of the agreement directly written into code. They run on blockchain networks and automatically execute when predetermined conditions are met, eliminating the need for intermediaries.

💡 Example

A DeFi lending smart contract automatically liquidates collateral if its value drops below a threshold.

🔗 Related Terms

Ethereum

Programmable blockchain for smart contracts.

DeFi

Decentralized Finance: financial services on blockchain.

dApp

Decentralized Application running on blockchain.

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