Who is Nick Szabo? Many people can't explain it clearly!
Nick Szabo is a computer scientist and legal scholar who outlined the concept of “smart contracts” in the 1990s.
Nick Szabo often uses a vending machine as an analogy for a smart contract: insert a coin, press the button for an item, and the machine dispenses it according to prewritten rules, without needing an attendant.
Understanding the principles helps you make more clear-headed decisions; it’s not about guessing market trends.
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