2018-10-19 12:53:51 +00:00
|
|
|
---
|
2018-10-11 23:00:38 +00:00
|
|
|
title: Smart Contracts
|
|
|
|
|
---
|
|
|
|
|
## Smart Contracts
|
|
|
|
|
|
|
|
|
|
Transactions in a blockchain are a very basic contract - One party sends resources to another.
|
2018-10-19 12:53:51 +00:00
|
|
|
In the Ethereum blockchain, transactions can support any kind of logic. They have the expressive
|
2018-10-11 23:00:38 +00:00
|
|
|
power of a Turing-Complete machine - meaning they can be steps for a task that a computer can do.
|
|
|
|
|
|
|
|
|
|
As a piece of code that sits on the blockchain, a smart contract can automate tasks.
|
|
|
|
|
When an account receives money it can automatically distribute it to others.
|
|
|
|
|
This is entirely transparent so all the nodes(miners) can see what logic is being executed.
|
2018-10-13 21:08:38 +00:00
|
|
|
|
|
|
|
|
|
|
|
|
|
## Blockchain Technologies
|
|
|
|
|
|
|
|
|
|
Two of the most common technologies used are :
|
2018-10-25 13:16:49 +00:00
|
|
|
- Ethereum: generally made with Solidity
|
|
|
|
|
- Hyperledger: generally made with Go, or Java
|
2018-10-13 21:08:38 +00:00
|
|
|
|
