Smart contract definition

Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.

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Smart contract means a computer program stored in an electronic ledger system wherein the outcome of the execution of the program is recorded on the electronic ledger;

Smart contract means an electronic record that is an event-driven program or computerized transaction protocol that runs on a distributed, decentralized, shared, and replicated ledger that executes the term of a contract, including but not limited to, taking custody over and instructing the transfer of assets.

Examples of Smart contract in a sentence

Smart contract risk relates to the technical security of a blockchain or stablecoin based on its underlying code.
While the Tokens that you transfer to the Smart Contract will be recorded by PD as owned by you, the Tokens transferred into the Smart contract may be commingled with the Tokens of other users of the Site.
Every Smart contract has to be penetration tested and code-reviewed by a third, independent expert.
The Members and the Company represent and warrant that all information and representations provided in this Agreement and in Annex II – (Smart contract procedure) are complete, accurate, correct, accurate and truthful.
BSC Smart contract address: 0xF78D45Fd75cb339B1123776f6C349123deF0aB75 Digital Assets Encrypted or digital assets that among other purposes can be used as the cryptocurrencies that are based on blockchain and cryptography technologies (e.g., USTD).

More Definitions of Smart contract

Smart contract means a form of technology arrangement consisting of -

Smart contract means a form of technology arrangement consisting of a computer protocol or an agreement concluded wholly or partly in an electronic form, which is automatable and enforceable by computer code, though some parts may require human input and control and which may be enforceable by ordinary legal methods or by a mixture of both;

Smart contract means an event-driven computer program, that executes on an electronic, distributed, decentralized, shared, and replicated ledger that is used to automate transactions, including, but not limited to, transactions that:

Smart contract means an automated transaction, as defined in § 59.1-501.2, or any substantially similar

Smart contract means software code that:

Smart contract means the computer code which is executable in an Ethereum Virtual Machine and validated by the Blockchain, and used to digitally create and maintain the ledger data reflecting the ownership, transfer and transactions of Security Tokens and cash balances of the Participants on the Platform.

Smart contract means a blockchain based computer protocol intended to facilitate, verify, or enforce the negotiation or performance of a digital set of agreed upon terms, or contract;