Linked List / October 2015

What is a Smart Contract? ➶

James Carlyle:

There are many definitions for smart contracts: my favorite (from recollection, Richard Brown) is

A smart contract is one where the control of assets is managed by a computer

…

1. Smart contracts are executable business logic and data, written in a computer language
2. Smart contracts can run on a public block-chain / distributed ledger that is de-centralised
3. The block chain is secure.

✶ Tuesday, 13 October 2015

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