Definition Firstly let’s start with defining what a smart contract basically is. Wikipedia says that smart contract is a computer protocol intended to facilitate, verify, or enforce the negotiation or performance of a contract. It can help us exchange money, property, shares, or anything valuable. But what is more important it allows us to do… Continue reading Smart contracts in simple terms
Now everyone is talking about bitcoin, blockchains, its impact on the world economy, etc.. We can find lots of articles on the internet telling us when blockchain first appeared, the way blockchain works, its perspectives for the future. In my article I tried to look deeper and analyze different types of blockchains, their advantages and… Continue reading Differences and advantages of public and private blockchains
Bitcoin: from idea to successful business The idea of creating an international virtual currency was first described in 1998 when the messages from Wei Dai and Nick Szabo were published. The currency development began in 2007, the file with description of the principle of project’ operation «Bitcoin: Peer-To-Peer Electronic Cash System» was published in 2008.… Continue reading Bitcoin: new future for e-commerce?