Ethereum & Smart Contracts

Smart Contract

Also: Smart contracts

A program stored on a blockchain that runs automatically when its conditions are met, with no intermediary. Once deployed it generally can't be changed, so bugs can be costly: an independent audit is a baseline expectation, not a guarantee.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.