Who creates smart contracts? Who uses smart contracts? The smart contract was first introduced in 1996 by Nick Szabo, a computer and cryptographer. After several years, he worked on this concept again and published many articles. In these articles, he explained the concept of creating legal contracts for business activities through the design of electronic protocols […]

Components of smart contracts There are basically three contiguous parts that are referred to as components of smart contracts.   Smart contract environment Smart countertops must operate in a suitable and special environment in order to be created and function properly. This environment should support public-key encryption, which enables users to sign transactions using their […]

Simply put, smart contracts work a lot like food devices. All you have to do is deposit the required amount of digital currency into the smart contract and your deposit, contract, driver’s license or anything else will be credited to your account. Not only are all laws and penalties defined by smart contracts, but they are enforced […]