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Smart contract - Wikipedia

A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement. [ 1 ][ 2 ][ 3 ][ 4 ] The objectives of smart contracts are the reduction of need for trusted intermediators, arbitration costs, and fraud losses,

En.wikipedia.org

What Are Smart Contracts on Blockchain? | IBM

Smart contracts are typically used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss. They can also automate a workflow, triggering the next action when predetermined conditions are met.

Ibm.com

What Are Smart Contracts on the Blockchain and How Do They …

Jun 12, 2024 · A smart contract is a self-executing program that automates the actions required in a blockchain transaction. Once completed, the transactions are trackable and irreversible.

Investopedia.com

Introduction to smart contracts | ethereum.org

Apr 22, 2024 · What is a smart contract? A "smart contract" is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain. Smart contracts are a type of Ethereum account.

Ethereum.org

Chainlink Labs

The smart contract space is ripe with opportunities, and Chainlink infrastructure is at the center of it, from CCIP and Data Feeds for on-chain finance to Automation and VRF for NFTs.

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What Are Smart Contracts and How Do They Work? - Decrypt

Apr 28, 2022 · A smart contract is a contract—expressed as a piece of code—that’s designed to carry out a set of instructions. With smart contracts, however, there’s no middleman. There’s no person or company holding your information or verifying it. The blockchain verifies and holds information for you.

Decrypt.co

What Are Smart Contracts in Blockchain? | Chainlink

Nov 29, 2023 · A smart contract is a decentralized computer program running on a blockchain network that automatically and deterministically executes agreements based on predefined conditions.

Chain.link

Smart contracts | ethereum.org

Mar 7, 2024 · Smart contracts are the fundamental building blocks of Ethereum's application layer. They are computer programs stored on the. that follow "if this then that" logic, and are guaranteed to execute according to the rules defined by its code, which cannot be changed once created. Nick Szabo coined the term "smart contract".

Ethereum.org

What Are Smart Contracts On Blockchain? - Cointelegraph

Aug 21, 2024 · Smart contracts are digital contracts on a blockchain that automatically execute when conditions are met. They operate on “if/whenthen” logic and are recorded on the blockchain for

Cointelegraph.com

Anatomy of smart contracts - ethereum.org

Oct 2, 2024 · A smart contract is a program that runs at an address on Ethereum. They're made up of data and functions that can execute upon receiving a transaction. Here's an overview of what makes up a smart contract. Prerequisites. Make sure you've read about smart contracts first.

Ethereum.org