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Smart Contract Activation

Definition

Smart contract activation refers to the process by which a pre-programmed, self-executing agreement on a blockchain becomes operational and capable of performing its intended functions. This typically involves deploying the contract code to the blockchain network and initiating its executable logic. Once activated, the smart contract operates autonomously according to its coded rules, facilitating transparent and tamper-resistant transactions or processes. The activation marks the transition from a dormant code script to an active, functional component of a decentralized application. It enables automated, trustless interactions.