Code that runs automatically when conditions are met. No bank. No lawyer. No middleman. Here is how it works.
"If Alice sends 1 ETH, send Alice 1,000 tokens automatically." That's a smart contract. No human needs to approve it.
Smart contracts live on blockchains like Ethereum and Solana. Once deployed, they cannot be changed or stopped by anyone.
DeFi protocols, NFTs, DAOs, tokenized assets, prediction markets, and cross-chain bridges all run on smart contracts.
If there is a bug in the code, anyone can exploit it — and there is no authority to reverse it. Code audits matter enormously.
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