Ethereum Smart Contracts: How Do They Work?

Smart Contracts

Like many things surrounding the blockchain community, Ethereum’s smart contracts can be a confusing concept to most.

Smart contracts seem a bit difficult to understand because the term confuses the base interaction described. They are a new possibility due to the ethereum public blockchain.

A smart contract binds a relationship with cryptographic code, whereas a standard contract is an outline of the terms of a “relationship” and is usually enforced by law.

To describe them a little more clearly, smart contracts are programs that carry out the exact tasks set by their ...

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Decentralized Application: What is it?

Decentralized Application

Every single person that uses the internet today, does not have primary control of the data they share on certain websites.

Ethereum stands out from the rest, as it attempts to employ the blockchain as a way to correct what the designers of the internet.

The best way to describe it would be a “decentralized appstore” where anyone is able to publish their apps (dapps). Unlike today’s apps (such as Google Maps or Youtube) they do not need a middleman to function or control that user’s info.

These “dapps” link the user ...

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