Ethereum in Depth: Smart Contracts – Part 1: What is a Smart Contract?

Part 2: https://www.youtube.com/watch?v=TC-bDQZbXd0

In this video I give an introduction to sensible contracts in bitcoin|http://btcpeek.com/index.php?s=MyBlogK1″>ethereum.

First I clarify what accounts are in an easier forex solely blockchain.

Then I present how bitcoin|http://btcpeek.com/index.php?s=MyBlogK1″>ethereum introduces a second sort of account: a code managed account (aka sensible contract).

This sort of account doesn’t have a personal key however as an alternative is managed by code.

It can retailer ether, similar to consumer accounts, or it might hold a steadiness of zero and be used to ship another perform inside the context of an utility.

I then give examples of how you should utilize sensible contracts.

If you wish to tip this video right here is an bitcoin|http://btcpeek.com/index.php?s=MyBlogK1″>ethereum handle for this video: 0xd6d1f455814211e3a79a03faa7bc18c74ca9163c

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