People | Who is Nick Szabo?
The Ethereum unit szabo is equal to one-millionth of an ETH, and is named after Nick Szabo.
Nick Szabo often uses vending machines to illustrate smart contracts: insert a coin, select a product, and the machine dispenses it according to its prewritten rules, without needing a salesperson to be there.
Ethereum, where $ETH resides, brought the concept of smart contracts into widespread practice.
Be cautious when you come across projects promising high returns.
#ETH
The Ethereum unit szabo is equal to one-millionth of an ETH, and is named after Nick Szabo.
Nick Szabo often uses vending machines to illustrate smart contracts: insert a coin, select a product, and the machine dispenses it according to its prewritten rules, without needing a salesperson to be there.
Ethereum, where $ETH resides, brought the concept of smart contracts into widespread practice.
Be cautious when you come across projects promising high returns.
#ETH