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Episode 34: Blockchain 101: What are smart contracts?

Zero Knowledge

The Schism Is That Smart Contracts Should Be Used for Non Financial Purposes?

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The goal of bit coin and the goal of block chains, was to get a bunch of computers to agree on some shared state. In bickcoin, we do that with transactions and unspent transaction outputs,. We do it with transactions and smart contract code, and we agree on just about anything. The only really interesting thing to say is that the world computer is thi decentralised peertipear network. That's why a lot of people say we can't just port no centralized internet things to decentralized interne. Were thethe schism like is that one of the big issues between the bit coin folks and the etherium folks? Should smart contracts be used for non financial purposes

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