Difference between revisions of "Smart contracts"
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| − | A smart contract is a self executing contract where terms of the contract are implemented in code. A common misconception is that Bitcoin is incapable of executing smart contracts, paving the way for other blockchains like [https://ethereum.org/ Ethereum] | + | A smart contract is a self executing contract where terms of the contract are implemented in code. A common misconception is that Bitcoin is incapable of executing smart contracts, paving the way for the creation of other blockchains like [https://ethereum.org/ Ethereum]. |
Bitcoin Script as originally implement is capable of simple yet powerful smart contracts that can be written, deployed and deferred to the miners on the network for execution. | Bitcoin Script as originally implement is capable of simple yet powerful smart contracts that can be written, deployed and deferred to the miners on the network for execution. | ||
Revision as of 12:01, 15 January 2020
Introduction
A smart contract is a self executing contract where terms of the contract are implemented in code. A common misconception is that Bitcoin is incapable of executing smart contracts, paving the way for the creation of other blockchains like Ethereum.
Bitcoin Script as originally implement is capable of simple yet powerful smart contracts that can be written, deployed and deferred to the miners on the network for execution.