ACADEMY

MODULE 10

LESSON 1

What Is a Smart Contract?

A smart contract is a piece of code that runs automatically when its conditions are met.

It's like a digital agreement — but written in logic, not legalese.

“If X sends Y tokens to contract Z, release the reward.”

Once deployed, the contract can’t be changed. There’s no middleman, no manual processing, and no need for trust. The contract does what it says — every time.

Smart contracts are typically:

Immutable

Can’t be changed once deployed

Self-executing

Triggered by on-chain events

Transparent

Anyone can read the code

Most blockchains (like Ethereum, Avalanche, and Solana) run these contracts inside a virtual machine (VM).

Users pay gas fees to trigger them, and performance varies based on network congestion.

© 2025 Qubic.

Qubic is a decentralized, open-source network for experimental technology. Nothing on this site should be construed as investment, legal, or financial advice. Qubic does not offer securities, and participation in the network may involve risks. Users are responsible for complying with local regulations. Please consult legal and financial professionals before engaging with the platform.

© 2025 Qubic.

Qubic is a decentralized, open-source network for experimental technology. Nothing on this site should be construed as investment, legal, or financial advice. Qubic does not offer securities, and participation in the network may involve risks. Users are responsible for complying with local regulations. Please consult legal and financial professionals before engaging with the platform.