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älysopimus — meaning in English

Finnish → English · translate English → Finnish instead

English meaning

  • smart contract noun A program stored on a blockchain that carries out the terms of an agreement — releasing funds, transferring ownership — when it is called and its conditions are met. It does not run by itself: someone or something has to send a transaction that triggers it.

Senses

älysopimus is used for these senses in English:

  • smart contract (technology, cryptocurrencies) A software protocol that is capable of automatically enforcing terms agreed upon in a contract.