Deterministic Smart Contracts

Definition ∞ Deterministic Smart Contracts are smart contracts whose execution always produces the same output for a given input, irrespective of when or where they are run. This predictability is a fundamental characteristic of reliable blockchain applications, ensuring consistent and verifiable outcomes. Their operation depends solely on the information recorded on the blockchain.
Context ∞ Deterministic smart contracts are a foundational element for building trustless applications in decentralized finance and other blockchain sectors. Discussions often center on ensuring their code is free from external dependencies that could introduce non-determinism, which might compromise security or predictability. The auditability of these contracts is a key concern for developers and users alike.