Digital Assets

Smart Contract

Definition

What is Smart Contract?

Program code deployed on a blockchain that executes according to predefined rules.

Example in practice

A lending smart contract automatically calculates collateral and interest.

Keep learning

A digitally represented asset that uses cryptographic and distributed-ledger systems for issuance or transfer.

An electronically represented item of value or right that can be owned or transferred.

A distributed record of transactions grouped into linked blocks and maintained by a network.

A scarce metal commonly held for industrial use, jewellery, or investment.

Think you know your investing terms?

Put your knowledge to the test with a quick quiz.