Quick meaning
A self-executing agreement stored on a blockchain where the terms are written in code.
Think of it like this
Like a vending machine — put in the right coin and the item is automatically released, no middleman needed.
Where you may see this
You may see this in news stories, AI tools, phone features, and new product marketing.
Why it matters
Understanding the term helps you judge what the technology actually does instead of guessing from jargon.
Say it simply
Smart Contract means: A self-executing agreement stored on a blockchain where the terms are written in code.