Using the example of the first cryptocurrency, it became clear how smart contracts establish and control the fulfillment of the set conditions for the transfer of digital assets between users.

The first smart contracts allowed the transfer of cryptocurrencies from one address to another, if the user signs the transaction with a private key and has a sufficient number of coins in the account.

The next landmark event for the development of technology was the publication of the white paper of the Ethereum network in 2013