Smart Contracts are a tangible expression of the term 'Code is Law'. By coding prerequisite conditions into an algorithmic contract, one can essentially create a self-executing contract, eliminating the need for a middleman and automating the process of trust.
It is a common feature of blockchain and cryptocurrency protocols.
It is a common feature of blockchain and cryptocurrency protocols.
I tried to scam a customer for his money before the GPS logistics system verified delivery of the goods, but the pesky smart contract prevented me from touching their funds!
by Zenarchism October 17, 2018
Global Financial System Stack 2.0 - The most ambitious, provably-secure and theoretically-sound blockchain project in the cryptocurrency space. Named after Gerolamo Cardano, a famous 15th century Italian polymath and professional gambler who exploited his thorough understanding of probability to win consistently.
Geez, I'm so glad I invested in Cardano before the catastrophic financial collapse as a result of over ten years of quantitative easing experiments!
by Zenarchism October 17, 2018
A single currency unit of the cryptocurrency protocol Cardano. Named after Ada Lovelace, an 18th century mathematician and the first historically-documented computer programmer.
by Zenarchism October 17, 2018
The smallest fractional unit of a single Ada, the currency of the blockchain protocol Cardano (as a Satoshi is to a Bitcoin or a cent is to a dollar).
Named after Ada Lovelace, an 18th century mathematician and the first historically-documented computer programmer.
Named after Ada Lovelace, an 18th century mathematician and the first historically-documented computer programmer.
by Zenarchism October 17, 2018