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
Editorial
An unsigned piece stating the publication's own institutional position, distinct from both news reporting and outside…
Yield
The income an investment returns, expressed as a percentage of its price. Bond yields move inversely…
Conflict of interest
A personal or financial stake that could reasonably be seen to compromise coverage. The usual remedies…
Index
A measure of a slice of the market, such as the S&P 500 or the FTSE…
