Web3
Smart Contract
Self-executing code deployed on a blockchain that automatically enforces agreement terms.
Why it matters
- Automates trustless transactions
- Enables programmable money and assets
- Core building block for dApps
When to use
- For decentralized applications
- When automating financial agreements
- For token and NFT functionality
Common mistakes
- Not auditing contracts for security vulnerabilities
- Deploying without thorough testing
- Not considering upgrade patterns
Related terms
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