What are smart contracts? - Crypto in Plain English - Episode 43 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it25 Marras 2021

What are smart contracts? - Crypto in Plain English - Episode 43 - by cryptohunt.it

What are Smart Contracts?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today, we talk about Smart Contracts: What they are and how they work.

Remember that blockchains like Ethereum are “programmable money”. They allow makers to create their own financial instruments, for example crypto currencies.

Smart contracts are the blockchain equivalent to real world laws, but they are impossible to violate.

In order to achieve that, these blockchains define what the functional building blocks are, so that the computers executing them are all talking the same language. Think of it like Lego: You can build anything with it, but the Lego company provides you with a bunch of literal blocks that you can put together any way you want.

A smart contract takes these building blocks and builds with them whatever the developers want to achieve. That could be simply moving money around between wallets, or also creating new money, or destroying some. A smart contract defines exactly how a crypto currency or any other financial instrument work.

And because the smart contract is executed on the blockchain, all instructions it carries are public and readable by anyone. They are also set in stone by design, meaning that everyone executing a transaction on a specific smart contract can expect the correct outcome.

So, that’s what a smart contract does. And next time we’ll debunk the myth that crypto is great for criminals, and you might be surprised to hear why.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

What is Bitcoin Cash and what makes it special? - Crypto in Plain English - Episode 77 - by cryptohunt.it

What is Bitcoin Cash and what makes it special? - Crypto in Plain English - Episode 77 - by cryptohunt.it

What is Bitcoin Cash and what makes it special? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let's talk about one of the first altcoins, Bi...

12 Tammi 20222min

What is Worldcoin? - Crypto in Plain English - Episode 76 - by cryptohunt.it

What is Worldcoin? - Crypto in Plain English - Episode 76 - by cryptohunt.it

What is Worldcoin? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s talk about a crypto project that has gotten a lot of attention lately...

11 Tammi 20222min

What are crypto games? - Crypto in Plain English - Episode 75 - by cryptohunt.it

What are crypto games? - Crypto in Plain English - Episode 75 - by cryptohunt.it

What are crypto games? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s talk about crypto gaming: what it is and why it has become so pop...

10 Tammi 20221min

How you can make money by learning about crypto - Crypto in Plain English - Episode 74 - by cryptohunt.it

How you can make money by learning about crypto - Crypto in Plain English - Episode 74 - by cryptohunt.it

How you can make money by learning about crypto Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we’ll talk about the world of Learn and Earn, ...

7 Tammi 20221min

The crypto cold start problem: How new projects gain traction - Crypto in Plain English - Episode 73 - by cryptohunt.it

The crypto cold start problem: How new projects gain traction - Crypto in Plain English - Episode 73 - by cryptohunt.it

The crypto cold start problem: How new projects gain traction Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we’ll talk about the cold start ...

6 Tammi 20221min

How does crypto trading work and who determines prices? - Crypto in Plain English - Episode 72 - by cryptohunt.it

How does crypto trading work and who determines prices? - Crypto in Plain English - Episode 72 - by cryptohunt.it

How does crypto trading work and who determines prices? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we’ll talk about the primary mechanism...

5 Tammi 20221min

Who or what sets the price for crypto currencies - Crypto in Plain English - Episode 71 - by cryptohunt.it

Who or what sets the price for crypto currencies - Crypto in Plain English - Episode 71 - by cryptohunt.it

Who or what sets the price for crypto currencies Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Have you ever asked yourself how Bitcoin prices get ...

4 Tammi 20222min

A beginners guide to investing your first $10 in crypto - Crypto in Plain English - Episode 70 - by cryptohunt.it

A beginners guide to investing your first $10 in crypto - Crypto in Plain English - Episode 70 - by cryptohunt.it

A beginners guide to investing your first $10 in crypto Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s go step by step through the proc...

3 Tammi 20221min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
rss-rahamania
ostan-asuntoja-podcast
rahapuhetta
rss-laakispodi
rss-sisalto-kuntoon
herrasmieshakkerit
sijoituspodi
rss-draivi
inderespodi
rss-sami-miettinen-neuvottelija
rss-lahtijat
rss-bisnesta-bebeja
rss-karon-grilli
rss-seuraava-potilas
rss-paasipodi
vapauta-supervoimasi-podcast