Understanding the Underlying Principles of Smart Contracts
In my last post, I gave a brief introduction on Blockchains, and how it's all the hype because of its ability to completely eliminate the middle man during transactions - all you need are the two interested parties and a few lines of code to help validate the trade. These seemingly simple lines of code can actually be deceptively complex. If they have the ability to seal the deal between the two parties, why not refer to them as Smart Contracts?