Glossary Crypto & Web3
Smart contract
Code deployed to a blockchain that executes automatically when its conditions are met. It removes the need for a middleman to enforce an agreement, but a bug in the code is just as automatic as the rest of it.
More from the glossary
Executive order
A directive issued by a head of government to the executive branch. It can be reversed…
Byline
The line naming who wrote a piece. It signals responsibility for the reporting as much as…
Correction
A fall of roughly 10% from a recent high. Corrections are common and often brief, which…
Earnings
A company's profit over a reporting period. Share prices usually respond less to the number itself…

