Smart Contract
A smart contract is a piece of digital code that can execute predefined agreements between parties.
Can it be used for all types of agreements? No. It can only be used when the agreement can be configured, conditions can be verfied and actions can be executed digitally.
9
82 reads
CURATED FROM
IDEAS CURATED BY
"Smart Contracts". Heard this term many times but what is it exactly and how can it make the world a better place?
“
Similar ideas to Smart Contract
From Bitcoin to Smart Contracts
Bitcoin created a decentralized monetary system which can transfer money from one person to another. That only allowed for monetary transactions, there was no way to add conditions to those transactions:
Alice can send Bob 5 BTC, but she couldn’t tell Bob that he will ...
Ethereum Gas
Gas is a unit that measures the amount of computational effort that it will take to execute certain operations. Each and every line of code in an Ethereum smart contract requires a certain amount of gas to be executed.
Suppose you are going on a road trip:
Minimum Digital Labour
As our digital tools can be used anywhere, there are no boundaries between work and the rest of our lives.
We need to set a limit to the amount of digital labour (email, Zoom calls, phone message responses) we keep doing all the time, and focus on people, projects, hobbies, and ways to fi...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates