Skip to main content

Glossary · Definition

Smart Contract

A smart contract is like a vending machine for agreements—you put in money and select an item, and the machine automatically gives you what you paid for without needing anyone to operate it.

Read the full entry with a CryptoBipto membership

The full entry for Smart Contract covers the detailed definition, how it works, an example and the mistakes beginners make.

CryptoBipto is a crypto education platform. It does not buy, sell, hold or send cryptocurrency for anyone, and it does not give financial advice.