The Blockchain Academy is ever ready to provide in-depth information to the bitcoin enthusiasts and blockchain users belonging to different industries, all over the world. In this post, I have decided to discuss the ever popular idea of smart contracts, which is in the limelight since the emergence of revolutionizing yet controversial technology of blockchain.
So, what are people discussing about when they discuss about the smart contracts? In the context of the blockchain technology and cryptocurrency, the smart contracts are:
· Pre-written logic (computer code)
· Saved and replicated on the distributed storage media (For instance, a blockchain)
· Run or executed by the computer network (generally the same ones operating the blockchain)
· Can lead to...