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
In this episode, we dig into what the term smart contract means with our guest James Prestwich. First introduced in 1994 by Nick Szabo, smart contracts have inspired whole ecosystems of companies and projects to start thinking about blockchain in much bigger terms.
We explore what the term 'smart contract' means, where it comes from, some use cases and some of the new challenges that come along with it.
Follow James on twitter @_prestwich