Why “Smart Contracts For Bitcoin” Really Means “Buy My Altcoin”
Navigating the duality of Bitcoin development in 2022 is going to be a major challenge for the community. “Snakes always find a way to enter the walled garden.” Over the course of 2021, I have noticed the emergence of an ever-growing rift between the people that I would call my fellow Bitcoiners. Among the multiple contentious subjects in the Bitcoin community, the way that Bitcoin is meant to evolve has emerged, to my surprise, as one of the leading causes of disputes on Twitter.The same age-old opposition between chaos and order that I have previously explored between Bitcoin and....
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The term “smart contract” has no clear and settled definition. The idea has long been hyped to the public as a central component of next-generation blockchain platforms, and as a key capability for any practical enterprise application. They are defined variously as “autonomous machines”, “contracts between parties stored on a blockchain” or “any computation that takes place on a blockchain”. Many debates about the nature of smart contracts are really just contests between competing terminology. The different definitions usually fall into one of two categories. Sometimes the term is used to....
Susanne Tarkowski Tempelhof, Founder and CEO of Bitnation, explains to Cointelegraph how smart contracts can lower costs of your business. Cointelegraph: What are Smart Contracts about? Susanne Tarkowski: Smart contracts are applications ‘living on’ the Blockchain, and therefore can’t be censored. Simple, immutable and autonomous applications, basically. As Primavera de Filippi eloquently phrased it during her talk at OuiShare Paris 2016 “Smart Contracts are neither smart nor contracts...”. But ironically, smart contracts are however ideally suited to be… well… contracts! In essence, your....
Cointelegraph explains what smart contracts are and how this blockchain-based technology changes the way transactions are made. Cointelegraph's Jackson DuMont tackles smart contracts in the latest episode of Cryptopedia. He explains how smart contracts work from the basics and provides examples of how they can be utilized in real-world scenarios. DuMont describes smart contracts as code within the blockchain that "execute when specific conditions are met." They are self-executing contracts built on blockchain technology and have the power to complete transactions without middlemen. As an....
Since making its way into crypto-space, Ethereum has continued in charting new courses and providing improved technology for creating smart contracts. On Tuesday the developers at ether.camp announced on its blog the release of what they called ‘Ethereum Full Transparency.’ The new product will provide better transparency of transactions and enable regular people to create useful contracts. Better transparency of transactions. This development was inspired by the need for regular individuals to be able to create their own smart contracts. Roman Mandeleil, CEO and Founder of ether.camp,....
“Altcoin” has referred to all cryptocurrencies other than BTC since the advent of ETH. Today, however, many no longer qualify as altcoins. All cryptocurrencies other than Bitcoin (BTC) were first described as altcoins for a single reason: There was a rise of projects that copied and pasted Bitcoin’s source code. The cryptocurrencies in the early stages weren’t unique enough to have a distinctive term, so “altcoin” (alternative coins) best fit their description. The community, at that point, didn’t put too much thought into other cryptocurrencies due to Bitcoin’s potential advancement — its....