A voidable contract is an agreement that remains enforceable unless one party chooses to void it. In various transactions, including those involving cryptocurrency, certain conditions can lead to a contract being voidable. These conditions may include elements like misrepresentation, fraud, undue influence, or lack of capacity.For example, if a user enters a smart contract under false pretenses, they may have the right to void the agreement. This means that while the contract is valid initially, the affected party can decide to cancel it, thus freeing themselves from any obligations outlined in the agreement.In cryptocurrency, this concept is crucial for protecting users from unfair practices. It allows individuals to back out of deals that were not made in good faith. However, the party seeking to void the contract must generally take action within a certain timeframe and possibly provide evidence of the issues leading to their decision.