Showing posts with label Kevin Healy. Show all posts
Showing posts with label Kevin Healy. Show all posts

December 14, 2017

What is a Smart Contract?

Smart Contracts - Part 1: What is a Smart Contract?


  • A great video explaining Smart Contracts at the level of detail/abstraction a novice could understand.

By Kevin Healy - August 10, 2017 (www.youtube.com)

An introduction to smart contracts in ethereum. What accounts are in a simpler currency only blockchain, how ethereum introduces a second type of account: a code controlled account (aka smart contract). This type of account does not have a private key but instead is controlled by code. It can store ether, just like user accounts, or it can keep a balance of 0 and be used to deliver some other function within the context of an application. Also, examples of how you can use smart contracts.

Part 2: https://www.youtube.com/watch?v=TC-bDQZbXd0