Block chain is an agreement between all f the users about how the chain should run and should up date state. So it's an agree between humans that is automated by soft ware. You can give machines custody of your funds on your behalf by giving them your private key, writes soft word at signs transactions.
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