Scheduled Smart Contracts

Definition ∞ Scheduled smart contracts are self-executing agreements on a blockchain that are programmed to activate or perform specific functions at predetermined times or upon the occurrence of particular conditions. Unlike typical smart contracts that require an external transaction to initiate, these contracts incorporate mechanisms for delayed or recurring execution. This capability allows for the automation of future events, such as regular payments, vesting schedules, or time-locked releases of funds. They extend the utility of decentralized applications.
Context ∞ The potential for scheduled smart contracts to expand the capabilities of decentralized finance is a frequent subject in crypto news, highlighting innovations in automation. These contracts are pivotal for building more complex financial products and services, including subscription models and automated investment strategies. Ongoing development focuses on ensuring the reliable and secure execution of these scheduled operations, addressing challenges like network congestion and external oracle dependencies.