Smart contract
A program stored on a blockchain that runs exactly as written when its conditions are met, enabling agreements that execute without an intermediary.
- glossary
A smart contract is a self-executing program that runs on a blockchain, automatically enforcing agreements and executing transactions when predefined conditions are met. Unlike traditional contracts that require intermediaries, smart contracts operate autonomously through code. Smart contracts can tokenize domains, handle transfers, manage ownership records, and enable advanced features like automated delegation or revenue sharing. These contracts ensure that domain operations are transparent, immutable, and don't require trust in centralized authorities—creating programmable, internet-native asset management that integrates seamlessly with other Web3 protocols.
Related keywords
- smart contract
- blockchain
- automated execution
- programmable logic
- decentralized
Contributors
Namefi is a collective of engineers, designers, and operators who obsess over building tools that make managing your onchain domain names effortless.
Victor Zhou is a technology founder and standards editor focused on digital identity and trust. He founded Namefi, edits Ethereum Improvement Proposals, and previously led smart-contract architecture work at Google Labs.
His work sits at the intersection of naming, ownership, and the systems people use to establish identity online. That perspective makes him especially interested in the way names move between personal meaning, public recognition, and digital infrastructure.
For Namefi, Victor edits and writes about domains as durable digital identity: how names become ownable onchain assets, how tokenization changes custody and trust, and what naming can learn from the systems people use to establish identity online.