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Ethereum
Acquired
The Future of Cryptocurrency
In the world of Ethereum, there is a network called Ethereum and a currency called Ether. In the world of Bitcoin, the blockchain is called Bitcoin and the currency is also called Bitcoin. The proposal is to create other currencies on the Bitcoin blockchain using smart contracts. Smart contracts are code that execute based on certain conditions being met. This eliminates the need for human involvement and ensures that contracts are carried out as intended. Satoshi, the creator of Bitcoin, built on the concept of smart contracts proposed by Nick Sabo. By having everything on the blockchain, including assets and conditional logic, contracts can be provably executed without disputes or reliance on the legal system.
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