Smart Contract
Self-executing code on a blockchain that automatically enforces the terms of an agreement.
intermediate
technology
Explained Simply
Smart contracts are programs stored on a blockchain that run automatically when conditions are met. They enable DeFi, NFTs, DAOs, and many other crypto applications. For example, a lending smart contract can automatically liquidate a loan if collateral drops below a threshold. Smart contracts are transparent (anyone can read the code) but can contain bugs or vulnerabilities that hackers exploit.
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