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Glossary / Smart contract

Smart contract

A smart contract is a program on a blockchain that runs exactly as written when its conditions are met.

Why it matters

Bugs in a contract can be exploited, which is why audits and security scans matter.

Scan new tokens for risk

Related terms

DeFi (decentralized finance)DeFi is financial services such as trading, lending and saving run by smart contracts inst…Honeypot tokenA honeypot is a token whose contract lets you buy but blocks or heavily taxes selling.…Smart contract auditAn audit is a security review of a smart contract's code by specialists looking for bugs a…

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Written by the VaultX AI team. Educational only, not investment advice.

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