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
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. That allows you to almost fully implement the ideas of the Bitcoin 2.0 platform. The project was first introduced in January 2013 at the Bitcoin Conference in Miami. The official… Continue reading Ethereum: The Next Big Thing?