Category: Smart Contracts

What is Smart Contract?

Summary Definition: A self-executing software program deployed to a blockchain that runs deterministically.

Detailed Technical Explanation

Smart contracts execute instructions autonomously when triggered by transactions, enforcing conditions programmatically without reliance on human intermediaries.

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Related Smart Contracts Terms

Oracle

A bridge service that feeds external real-world data into blockchain smart contracts.

Token

A digital asset created via a smart contract on top of an existing Layer 1 blockchain.

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