|
|
Back to Glossary
Blockchain

Smart Contract

A self-executing program stored on a blockchain that automatically runs when specific conditions are met. Smart contracts eliminate the need for middlemen because the code enforces the rules. They power everything from DeFi lending to NFT sales.

Example

A smart contract can automatically release payment to a seller once the buyer confirms delivery.

Practice trading on Staxo

Apply what you have learned. Trade with virtual money on the Staxo crypto simulator, completely risk free.

Start practicing