Smart contracts and their capabilities
Smart contracts are self-executing computer programs that can automatically enforce the rules and terms of an agreement. They were first introduced in 1994 by computer scientist Nick Szabo and are now a fundamental part of the blockchain technology that powers many cryptocurrencies. One of the main benefits of smart contracts is their ability to eliminate the need for intermediaries in a transaction. This means that parties can directly transact with each other without the need for a third pa...
Smart contracts and their capabilities
Smart contracts are self-executing computer programs that can automatically enforce the rules and terms of an agreement. They were first introduced in 1994 by computer scientist Nick Szabo and are now a fundamental part of the blockchain technology that powers many cryptocurrencies. One of the main benefits of smart contracts is their ability to eliminate the need for intermediaries in a transaction. This means that parties can directly transact with each other without the need for a third pa...
