A smart contract is a self-executing contract with the terms of the agreement between parties directly written into code. These contracts are stored on a blockchain and automatically execute when predefined conditions are met. Smart contracts can be used for a wide range of applications beyond financial transactions, including legal agreements, supply chain management, and voting systems. They offer transparency, trust, and automation, reducing the need for intermediaries in various processes. Understanding how smart contracts work is essential for anyone looking to explore blockchain-based applications and services.
Smart Contract
CRYPTO GLOSSARY
Blockchain
- Altcoin
- Block
- Blockchain
- Confirmation
- Cross-Chain
- Crypto Glossary
- Cryptocurrency
- Cryptography
- Custodial Wallet
- dApp (Decentralized App)
- Decentralization
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- Fork (Blockchain Fork)
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- Non-Custodial Wallet
- Open-Source
- Oracle
- Oracles (Blockchain Oracles)
- Private Blockchain
- Private Key
- Proof-of-Stake (PoS)
- Public Key
- Public Key Infrastructure (PKI)
- Richard Heart
- Satoshi Nakamoto
- Seed Phrase (Recovery Phrase, Seed Words)
- SLIP-0039
- Smart Contract
- Smart Contract Audit
- Stablecoin
- Token
- Tokenomics
- Validator
- Vitalik Buterin
- Wallet Address
- Whitepaper
Crypto Finance
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- Circulating Supply
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- Volatility
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- Wei
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- zk-SNARK
Crypto Security
- All Time Low (ATL)
- BIP-39
- Confirmation
- Crypto Glossary
- Cryptography
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- Decentralization
- Decentralized Private Network (DPN)
- Fake Airdrops
- Hardware Wallet
- Immutable
- KYC (Know Your Customer)
- Malware
- Open-Source
- Passphrase
- Pharming
- Private Key
- Public Key
- Public Key Infrastructure (PKI)
- Seed Phrase (Recovery Phrase, Seed Words)
- Shamir Backup (Shamir’s Secret Sharing)
- SLIP-0039
- Smart Contract Audit
- Trojan
- Two-Factor Authentication (2FA)
- Virtual Private Network (VPN)
- Wallet
- Wallet Address
- Zero-Knowledge Proof (ZKP)
- Zero-Knowledge Proofs (ZKPs)
- zk-SNARK