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Smart Contracts for Dummies

Ok, you know a bit about Bitcoin (see: Explain Bitcoin Like I’m Five). You’ve been seeing the blockchain on the news. But what’s this new Ethereum thing? Apparently, it’s this crypto-currency you can use to build “smart contracts”. Sounds impressive. So, uh… what are they again? (Spoiler: They’re not that smart. And they’re not really […]

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SMART CONTRACTS AND THEIR VALUE

Most people solely hear about blockchain in the context of Bitcoin mining; however, this technology goes far beyond the cryptocurrency topic. And one of the most interesting issues which aren’t often talked about is the possibility to make digitally protected contracts using blockchain. What are these smart contracts? Before answering this question let’s shed a […]

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