Glossary

Glossary

Term Book Chapter Definition
Smart Contracts Bitcoin Chapter 10: Altcoins Smart Contracts are programmable contracts that execute themselves when certain conditions are met, a concept introduced by Ethereum.
Smart Contracts Corporate Finance Chapter 17: Technological Innovations in Finance Automatically execute agreements when predefined conditions are met, reducing reliance on intermediaries, lowering costs and speeding up processes.
Smart Contracts Ethereum Chapter 1: History of Ethereum Self-executing contracts with the terms of the agreement directly written into code. These live on the blockchain, decentralized and free from censorship.
Smart Contracts Ethereum Introduction Self-executing contracts with the terms of the agreement directly written into code. These contracts run without any possibility of downtime, censorship, fraud, or third-party interference.
Smart Contracts International Finance Chapter 21: Cryptocurrencies and Blockchain Programs stored on a blockchain that run when predetermined conditions are met. They are used to automate the execution of an agreement so parties can expect a specific outcome without the need for an intermediary.