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What is Smart Contract?
A code-based contract that runs automatically on a blockchain according to predefined rules, without intermediaries.
ExampleThanks to a smart contract, the NFT sale happened automatically and without an intermediary.The figures in the example illustrate the concept; they are not current market data.
Related terms
Decentralized FinanceA blockchain-based ecosystem that offers financial services without intermediaries through smart contracts.Non-Fungible TokenA non-interchangeable token that represents unique digital ownership on a blockchain.BlockchainA decentralized ledger technology in which transactions are chained together and encrypted in blocks, makingDecentralized ExchangeA platform where crypto assets are swapped through smart contracts without a central authority.
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Frequently asked questions
What is Smart Contract?
A code-based contract that runs automatically on a blockchain according to predefined rules, without intermediaries.
What is Smart Contract called in Turkish?
In Turkish financial reporting and news, Smart Contract is called Akıllı Sözleşme.
Which concepts are related to Smart Contract?
The concepts most often mentioned together with Smart Contract are Decentralized Finance and Non-Fungible Token.