The programmed contract that automatically executes on a blockchain is called a smart contract.

Quick Scoop

A smart contract is a self-executing program stored on a blockchain that runs automatically when its predefined conditions are met. Think of it as digital “if this happens, then do that” logic that no one can secretly change once it is deployed.

How it works in simple terms

  • The agreement is written as code instead of paper.
  • The code sits on a blockchain and waits for certain conditions (like receiving a payment or hitting a certain date).
  • When those conditions are satisfied, the smart contract automatically executes actions such as transferring tokens or updating records.

A small everyday-style example: a smart contract could hold crypto in escrow and automatically release it to a seller once a shipment is confirmed delivered—no manual approval needed.

In forum quizzes and crypto trivia, whenever you see “What type of contracts run automatically on blockchains?”, the expected answer is: Smart contracts.

TL;DR: The name of the programmed contract that automatically executes on a blockchain is a smart contract.

Information gathered from public forums or data available on the internet and portrayed here.