Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. ‘Smart contracts’ is a term that gets thrown about quite often in the blockchain world, but there seems to be some confusion about what they are – and how they work. Some context The term was first coined by Nick Szabo, a prominent computer scientist, and cryptographer, who first proposed the idea in the 1990s. Szabo realized that decentralized ledger technology could be leveraged for smart contracts, which could be converted into computer code, stored, and…

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A quick guide to understanding blockchain smart contracts
Source: The Next Web