Meaning of smart contract | Babel Free

Definitions

A software protocol that is capable of automatically enforcing terms agreed upon in a contract.

Equivalents

Examples

“These are only a few examples of ways you can secure your smart contracts. The best thing to do to create a secure smart contract is to find an external auditor.”

“Technically speaking a smart contract is a self-enforcing agreement between parties, mutually unknown and otherwise anonymous counterparts, which is capable of executing the rules automatically in satisfying certain conditions.”

CEFR level