Smart Contract

A smart contract is self-executing code stored on a blockchain that runs when predefined conditions are met. It can automate transfers, agreements, and business logic.

Smart contracts reduce the need for intermediaries but require careful auditing to avoid security risks. They are widely used in decentralized finance applications.

Related Terms

Blockchain

Blockchain is a distributed ledger technology that records transactions in linked blocks across a ne...

DeFi

Decentralized Finance

DeFi refers to financial services built on public blockchains using smart contracts. It enables lend...

Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on ...

API

Application Programming Interface

An API is a set of protocols and tools that allows different software applications to communicate wi...

Need to convert bank statements to spreadsheet format? Try our bank pdf to CSV converter to easily export your transaction data to Excel or CSV.

Glossary home

Convert 10 pages free per week.
Try your weirdest statement.

Convert a bank statement PDF free