From the New World cover image

Manny Rinconcruz - A Tornado of Cash, An Earthquake of Crackdowns, and a Drought of Courage

From the New World

CHAPTER

What Is a Smart Contract?

A smart contract creates cash like transactions, but of a more general form. I give you a dollar billah, you take it. There's no third party. There's only the transacting partis smar contracts. So i think one of the really bad analogies is to think of smart contracts as robots, r venting machines. They're not robots, porventing machines, there set of instructions that tell you how to do a very complex transaction with other users.

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