noun
Internet Slang
smart contract
SMART KON-trakt · noun · informal
Self-executing code on a blockchain enforcing the rules.
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Definitions
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A program stored on a blockchain that automatically executes agreed logic — minting, royalties, staking — without an intermediary.
“The mint logic is all in the smart contract, no take-backs.”
by community
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smart contract In A Sentence
The mint logic is all in the smart contract, no take-backs.
Origin & Usage
Concept coined by Nick Szabo (1990s), realised at scale on Ethereum.
Variants
smart-contract
People Also Ask
What is a smart contract?
It's self-executing code stored on a blockchain that automatically carries out its rules — like minting or paying royalties — without needing a middleman.
Who invented the smart contract concept?
Computer scientist and legal scholar Nick Szabo described the idea in the 1990s, and it was realised at scale on Ethereum.
Can a smart contract be changed after deployment?
Generally no — once deployed the code is immutable unless it was specifically built to be upgradeable, which is why bugs can be permanent.
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