Smart Contract
Definition
Smart contract is a coded digital contract used on cryptocurrency platforms that operates automatically under predetermined conditions.
They are digital contracts that are built on blockchain technology and operate automatically under certain coded terms and conditions. These contracts include agreements made between one or more parties and ensure the fulfillment of certain conditions depending on these agreements. Smart contracts are subject to human intervention. It works automatically by code without the need for transactions and is securely stored on the blockchain, thus reducing transaction costs and time while bringing reliability and transparency to transactions without intermediaries.
This entry is part of the JrKripto crypto glossary. We explain key terms and concepts to help investors and traders understand the cryptocurrency market. Clear definitions support better decision-making and risk management.
Browse the full JrKripto glossary for more definitions on trading, DeFi, blockchain, and market analysis. Each term includes a short definition and extended explanation to support your research.
The JrKripto crypto glossary explains important terms and concepts so investors can understand the market better. Clear definitions support decision-making and risk management. Each entry has a short definition and, where useful, an extended explanation for quick reference or deeper reading.
The glossary covers a wide range of topics from trading and DeFi terms to blockchain infrastructure and market indicators. You can find terms via search or the term list. Use the related terms section to discover related concepts.
