Contract

In the context of cryptocurrency, a 'contract' typically refers to a smart contract, which is a self-executing contract with the terms of the agreement directly written into code. Smart contracts run on blockchain technology, allowing for automated, secure, and transparent transactions without the need for intermediaries. They are commonly used in decentralized applications (dApps) and can facilitate various functions, including token sales, decentralized finance (DeFi) operations, and more, effectively automating processes that traditionally required manual intervention.