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Self-execution
How agreements execute

Self-execution

The property of a smart contract that causes it to carry out its terms automatically when conditions are met, without requiring any party to manually initiate or approve the action. Self-execution removes the gap between agreement and performance.

TradFi equivalent
In traditional finance...
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TradFi equivalent
An automatic payment instruction. A standing order that triggers a payment on a defined date without requiring manual authorization each time.
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Analogy
In everyday terms...
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Analogy
A thermostat. When the temperature drops below a set point, the heating turns on automatically. Nobody has to decide to act because the condition and the response are built into the system.
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