What are smart contracts?
One of the fundamental aspects of the Ethereum network is the ability to create smart contracts. These contracts are self executing, and work exactly as they are programmed to. Whatever you would use a traditional contract for, you could use a smart contract for. The only difference is the precision and efficiency smart contracts hold through programmable code.
As a classic example, lets take two friends who want to bet on a game. Rather than having the liabilities of a bookie who keeps track of the funds and allocates them with a fee. Users can program smart contracts that self execute once the terms are met. If they don't know how to code they can use Ethereum applications that will execute these smart contracts on their own. All of this happens without human interference, ensuring both parties are served and the funds are correctly distributed.
Smart contracts allow anonymous parties to enter into binding agreements, with each participant having full transparency on the deal being made. Value can be transferred between accounts or held in escrow inside the smart contract itself.
Bitcoin can be considered the first smart contract, since the network only validates transactions if certain conditions are met.
With their functionality, these contracts are able to form the foundation of decentralized applications (DApps), another essential element of the Ethereum network.
An in-depth look at the top crypto asset exchanges of 2018.
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As crypto assets reach their way into the portfolios of traditional investors, blockchain companies are quickly realizing the need for more traditional ways to hold and transact their assets. Custodial services have been the hot topic of this industry as of recent and the leading hardware wallet company, Ledger, decided to integrate their own custodial services into their hardware devices.
Women played a huge role in the early days of computer science. Today, blockchain and cryptocurrency are bringing women back into the tech spotlight.
The goal for the initiative behind this categorization is to inspire those with more expertise to come along and build on top of the knowledge framework we’re developing today.
A blockchain explorer is simply a web or mobile app as we know it that directly interfaces with the data contained on a blockchain. That’s it in a nutshell. In fact, you’ve probably stumbled your way into one of the popular block explorers while surfing the crypto-web without really understand the depth of the tools at your disposal:
Nick Szabo, the inventor of smart contracts and Bit Gold, laid the foundation for the creation of Bitcoin. He defined smart contracts 14 years before Bitcoin. Then he theorized bits having value based on proof of work 5 years before Bitcoin.
You’ve finally decided to bite the bullet and purchase a Ledger Nano S. Nice job! Storing your cryptocurrency on a hardware wallet is much more secure than using an online wallet or, god forbid, keeping them on an exchange. And, if you’re confused on how to start, we’re here to help you out with your Ledger Nano S setup.
Jacob Melin and his business partner Enrique Rodriquez don’t have college degrees or any credentials as investment advisors.
Still, the men in their early 20s are gathering a flock, shepherding others in Louisville into the super-new world of bitcoin and other digital currencies. They may seem young, but they are veterans with three years in the emerging phenomenon. And their ace in the hole: They’ve already scored a combined jackpot of nearly $1 million.
Technical analysis is a powerful evaluation tool that can be utilized by any investor before making any investment decision. Whether you’re trading Bitcoin, Ethereum, or any other coin, you should consider adding it to your investment strategy. Employed by investors to interpret momentum signals produced by the market, technical analysis assists traders in forecasting the price movements of an asset.