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  1. Home
  2. /Glossary
  3. /Smart Contract
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blockchain

Smart Contract

Self-executing code stored on a blockchain that runs when conditions are met.

Definition

Self-executing code stored on a blockchain that runs when conditions are met. Smart contracts power DeFi, NFTs, and every decentralized application. They're 'trustless' because the code always executes as written, for better or worse.

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Learn More About Smart Contract

GuideWhat is Ethereum? Complete GuideGuideSmart Contracts Guide

Related Terms

Ethereum

A blockchain platform that enabled smart contracts and decentralized applications.

DeFi (Decentralized Finance)

Financial services built on blockchain without traditional intermediaries.

DApp (Decentralized Application)

An application that runs on a blockchain rather than centralized servers.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

ERC-4337

The Ethereum standard for account abstraction without changing the core protocol.

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