Smart Contract Action

Definition ∞ Smart Contract Action refers to the execution of a predefined function or operation within a smart contract deployed on a blockchain. These actions are triggered by specific conditions or external inputs and are immutable once processed by the network. Each action involves the expenditure of gas, reflecting the computational resources consumed. Such actions automate agreements and facilitate decentralized applications.
Context ∞ In cryptocurrency news, Smart Contract Action is a fundamental concept, particularly in reports concerning decentralized finance (DeFi), NFTs, and other Web3 applications. News often details significant smart contract actions, such as large token swaps, liquidations, or governance votes, which can impact market dynamics or protocol stability. The security and correct execution of these actions are paramount for preventing token holder loss and maintaining trust.