Internet
smart contract
What does smart contract mean?
A program stored on a blockchain that automatically executes agreed logic — minting, royalties, staking — without an intermediary.
"The mint logic is all in the smart contract, no take-backs."
Origin
Concept coined by Nick Szabo (1990s), realised at scale on Ethereum.
Frequently asked questions
What is a smart contract?
It's self-executing code stored on a blockchain that automatically carries out its rules — like minting or paying royalties — without needing a middleman.
Who invented the smart contract concept?
Computer scientist and legal scholar Nick Szabo described the idea in the 1990s, and it was realised at scale on Ethereum.
Can a smart contract be changed after deployment?
Generally no — once deployed the code is immutable unless it was specifically built to be upgradeable, which is why bugs can be permanent.
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