Smart Contract
A self-executing program that runs on a blockchain without intermediaries.
A smart contract is a piece of code that runs on a blockchain
and automatically executes actions when certain conditions are met.
It replaces the need for a middleman — everything happens
transparently, trustlessly, and on-chain.
Why it matters
- Enables DeFi, NFTs, and dApps to work without central servers
- Rules are public, verifiable, and automatic
- Reduces the need for third-party trust
💡 Lanzo Tip
Always verify the contract address before interacting —
fake smart contracts are a common trick used by scammers.