Category: Smart Contract

20180102_What-Are-Smart-Contracts

What Are Smart Contracts and How Do They Work?

What Are Smart Contracts and How Do They Work? First proposed by computer scientist and cryptographer Nick Szabo in 1994, smart contracts are computer protocols designed to digitally facilitate and enforce the performance of a contract. Transactions made through smart contracts are credible, trackable and feasible without interference of third parties required in conventional contracts….