Smart Contract

Share
Reading Time: < 1 minute

Smart contracts are automated contracts that are using computer protocol to execute a negotiation without a third party. Essentially, smart contracts are computer programs written on top of the Ethereum blockchain.

When a program’s condition is met, the smart contract automatically performs the orders that were coded, whether it’s to move tokens between Ethereum addresses or do other types of transactions. Smart contracts on Ethereum blockchain can be run by users or by other smart contracts.

Basically, smart contracts are just code and can be programmed for anything. What distinguishes it from other computer programs, this code lives on the Ethereum blockchain and has an Ethereum address. The smart contract is most typically used to create the ERC-20 token, which is the most widely used token standard on the Ethereum network.

Explore Other Vocabulary →

Registered and licensed by BAPPEBTI and Kominfo

© 2025 PT Pintu Kemana Saja. All Rights Reserved.

Crypto trading is a high-risk activity. Pintu does not provide investment recommendations or products. Users are required to research crypto assets before making any decisions. All crypto trading decisions are made independently by the user.

pintu-icon-banner

Trade with Pintu

Buy & invest in crypto easily

Pintu feature 1
Pintu feature 2
Pintu feature 3
Pintu feature 4
Pintu feature 5
Pintu feature 6
Pintu feature 7
Pintu feature 8