{"id":1000147,"date":"2026-06-17T08:06:41","date_gmt":"2026-06-17T08:06:41","guid":{"rendered":"https:\/\/dev.themarketperiodical.com\/glossary\/smart-contract\/"},"modified":"2026-06-17T08:06:41","modified_gmt":"2026-06-17T08:06:41","slug":"smart-contract","status":"publish","type":"glossary","link":"https:\/\/dev.themarketperiodical.com\/ru\/glossary\/smart-contract\/","title":{"rendered":"Smart Contract"},"content":{"rendered":"<p>The term <strong>smart contract<\/strong> was coined by computer scientist Nick Szabo in the 1990s, but the concept became practically deployable with the launch of Ethereum in 2015. Ethereum introduced a programmable blockchain on which developers could deploy arbitrary code that runs exactly as written \u2014 no party can alter it after deployment without creating a new contract.<\/p>\n<p>A smart contract works like a vending machine: insert the correct input (payment, a trigger condition, a signed transaction) and it automatically delivers the specified output according to its coded rules. No human intermediary is required to execute or verify the outcome.<\/p>\n<p>Smart contracts power a wide range of applications:<\/p>\n<ul>\n<li><strong>Decentralized exchanges:<\/strong> Code automatically swaps tokens between users at algorithmically determined prices.<\/li>\n<li><strong>Lending protocols:<\/strong> Contracts manage collateral, issue loans, and trigger liquidations when collateral ratios fall below thresholds.<\/li>\n<li><strong>NFT minting and sales:<\/strong> Ownership rules, royalty splits, and transfer logic are all encoded in contracts.<\/li>\n<li><strong>Decentralized autonomous organizations (DAOs):<\/strong> Governance votes and treasury disbursements are executed by contracts.<\/li>\n<\/ul>\n<p>Because smart contracts run on a blockchain, they are <strong>transparent<\/strong> (code is publicly readable), <strong>immutable<\/strong> (cannot be changed after deployment), and <strong>trustless<\/strong> (outcomes depend on code, not on trusting a counterparty).<\/p>\n<p>The immutability that makes smart contracts reliable also makes bugs permanent. Security audits are a standard \u2014 though not foolproof \u2014 practice before deploying contracts that will handle significant value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term smart contract was coined by computer scientist Nick Szabo in the 1990s, but the concept became practically deployable with the launch of Ethereum in 2015. Ethereum introduced a programmable blockchain on which developers could deploy arbitrary code that runs exactly as written \u2014 no party can alter it after deployment without creating a \u2026<\/p>\n","protected":false},"template":"","meta":[],"class_list":["post-1000147","glossary","type-glossary","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/dev.themarketperiodical.com\/ru\/wp-json\/wp\/v2\/glossary\/1000147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.themarketperiodical.com\/ru\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/dev.themarketperiodical.com\/ru\/wp-json\/wp\/v2\/types\/glossary"}],"wp:attachment":[{"href":"https:\/\/dev.themarketperiodical.com\/ru\/wp-json\/wp\/v2\/media?parent=1000147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}