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Trigger / condition
How agreements execute

Trigger / condition

The specific event or threshold that causes a smart contract to execute. The contract does nothing until the trigger occurs. When it does, the contract automatically takes effect.

TradFi equivalent
In traditional finance...
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TradFi equivalent
A contingent payment clause in a contract. Payment is triggered by a specific event - delivery of goods, achievement of a milestone, passage of a date.
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Analogy
In everyday terms...
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Analogy
A thermostat. It does nothing until the temperature crosses a set threshold. When it does, the heating turns on automatically. No one has to decide to act. The trigger is the temperature. The action is the heat.
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