A non-smart contract refers to a traditional agreement or digital transaction that does not rely on self-executing code on a blockchain. Unlike smart contracts, these agreements require external human intervention or conventional legal frameworks for enforcement. They operate outside the decentralized, immutable logic characteristic of blockchain-based agreements. Such transactions lack the automated verification and execution properties of smart contracts.
Context
In discussions surrounding blockchain technology, the distinction of a non-smart contract helps clarify the scope and limitations of decentralized applications. While smart contracts automate specific functionalities within digital asset systems, many aspects of the broader crypto economy still depend on conventional legal and operational agreements. News often contrasts the efficiencies of smart contracts with the traditional, often slower, processes of non-smart contract interactions, particularly in areas requiring human discretion or regulatory compliance.
This high-value breach confirms that the human layer remains the critical attack surface, leveraging sophisticated impersonation to bypass hardware wallet security.
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