An autonomous contract refers to a self-executing agreement with the terms directly written into code. It operates on a blockchain, allowing it to execute and enforce itself without the need for intermediaries. This makes transactions more efficient and reduces the risk of human error.The primary feature of autonomous contracts is their ability to automatically trigger actions based on predefined conditions. For example, if a certain amount of cryptocurrency is received by the contract, it might automatically transfer ownership of a digital asset. These contracts are often associated with decentralized applications and platforms, which enhance transparency and security. Once deployed on the blockchain, they cannot be altered, ensuring that all parties adhere to the agreed terms.Overall, autonomous contracts facilitate trustless interactions between parties, enabling a wide range of applications, from financial transactions to supply chain management. Their rise signifies a shift towards more automated and efficient processes in various sectors.