Nicholas Szabo is one of the earliest Bitcoin developers and the father of the “smart contract” concept.
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ELI5 Who is Nick Szabo?
Nick Szabo is an American cryptography specialist, known for pioneering work in digital currencies.
Considered by many to be the father of smart contracts, a concept he develop...
ELI5 How do Tezos Smart Contracts work?
Tezos smart contracts are natively written in Michelson – a purely functional, statically typed programming language. Note: See our cryptocurrency programming languages article, specifically the Haskell section, for reasons why purely functional statically typed languages are highly desirable for crypto development. Since Michelson isn’t very user-friendly, Tezos allows you to write smart contracts in various […]
About Ethereum EVM’s high GAS cost
As cryptocurrencies mature, the promise of a worldwide distributed ledger and computing platform is now taken for granted by businesses around the world. Billions of dollars were raised in ICOs which leveraged Ethereum’s computing platform. Smart Contracts are no longer seen as a marvel, but form the core of several successful business ventures. Note: This […]
Concepts In This Page
A pre-Bitcoin era cryptocurrency idea published by Nick Szabo in 2005. It included several concepts later found in Bitcoin, such as proof of work.
Nicholas Szabo is one of the earliest Bitcoin developers and the father of the "smart contract" concept.
Smart Contracts is self-enforcing business logic hosted on blockchains. Smart contracts are trustless, in that they carry out their specified instructions unconditionally.