Smart Contract

idiom

Meaning

Self-executing code stored on a blockchain that runs automatically when its conditions are met.

Origin

disputed origin

Smart (automated) + contract (agreement).

Examples

SIMPLE

The whole app runs on a smart contract.

CONTEXTUAL

The marketplace uses a smart contract to release payment only after the buyer confirms delivery.

COMPLEX

Once a smart contract is deployed to the blockchain its code cannot be edited, so an overlooked bug becomes a permanent and often expensive feature.

Last updated July 19, 2026