Who first proposed the concept of “smart contracts”?
Nick Szabo earned his bachelor’s degree in computer science from the University of Washington, and later earned a Juris Doctor (JD) from George Washington University.
Here’s the key point: “smart contracts” aren’t necessarily “smart.” If a contract has vulnerabilities, automatic execution can magnify the losses.
Ethereum, where $ETH is based, brought the concept of smart contracts into widespread practice.
Take the time to understand the rules before you act. Don’t place an order on impulse.
These are just my opinions and do not constitute investment advice.
Nick Szabo earned his bachelor’s degree in computer science from the University of Washington, and later earned a Juris Doctor (JD) from George Washington University.
Here’s the key point: “smart contracts” aren’t necessarily “smart.” If a contract has vulnerabilities, automatic execution can magnify the losses.
Ethereum, where $ETH is based, brought the concept of smart contracts into widespread practice.
Take the time to understand the rules before you act. Don’t place an order on impulse.
These are just my opinions and do not constitute investment advice.
