Smart-Contracts-The-Other-Fruit-Articles-And-Insights-Making-Choice-Personal-Independent-Artist-Collaboration-Network-Private-Biosphere

Most succinctly defined as 'programmable money' smart contracts were conceived long before blockchain

-

Parties set a quantity to be transferred from one destination to another, agreeing to this definition as represented in a time-locked, coded order. Much like inter-bank transfers between clients, such a contract may entail that [A] will in one hour move value [V] to [A2]

Minimally dependent on identity validation, destination and source the specified fungible resource is allocated until such time of completion [21] As opposed to an employee’s potential error[s] in execution, the smart epithet comes from say a computerized {AV → A2 = A2V}

-

Demarcated by identified participants, authorized smart contracts can be thought to enact synchronized transfers. These can be done on blockchain networks, perhaps say accountable using Bitcoin [22]

Programmed transactions containing increasingly complex timing triggers, inter-party relations and layered authorization structures as well as multiple variables are in development by numerous organizations [23] Nevertheless, cryptocurrency’s use is fundamentally and continuously performed via smart contract

Denoting merely forms of digitally facilitated escrow [24] cryptocurrency exchanges and smart contracts can theoretically function without "risk of censorship, moderation or theft" [25]

pseudo

anonymity

distributed ledger tech

dlt