Glossary

Smart Contract

Smart Contract: It is a program that works on the Blockchain that automatically implements the terms of the contract based on the previously agreed upon programming that it is designed on, as it aims to document, impose or facilitate the conduct of contracts and agreements without the intervention of a third party, and one of the most important advantages of the Ethereum network is the ability to implement these smart contracts.


Learn more economic terms in the Glossary of Terms

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