A freeze contract is a smart contract that locks or freezes a specific amount of cryptocurrency for a predetermined period. This action prevents the owner from accessing, transferring, or trading those funds until the contract’s conditions are met.Freeze contracts are often used for various purposes, including securing funds for investments or ensuring compliance with agreements. By locking funds, both parties can have assurance that the terms of an agreement will be honored before the funds are released.These contracts are typically programmable, allowing users to set specific triggers or conditions that must be fulfilled before the freeze can be lifted. This feature is useful for scenarios such as escrow transactions or milestone-based funding releases.Overall, freeze contracts enhance security and trust in transactions by preventing unauthorized access to the funds during the agreed-upon timeframe.