Cryptocurrency and Smart Contracts: Practical Overview
Cryptocurrency and Smart Contracts: Practical Overview Cryptocurrency and smart contracts sit at the intersection of money and code. Cryptocurrencies are digital assets that run on distributed networks. They let people send value quickly and cheaply, without banks. Smart contracts are small programs that live on the same networks and enforce rules automatically. A smart contract acts like a digital vending machine: you set conditions and the contract pays out when they are met. They store rules in code and run on the blockchain, so no single person can change them later. This makes agreements more reliable and transparent for everyone involved. ...