Lecture 19: Smart Contracts, Part 1

Smart Contracts, Part 1 - Difference between a smart contract and a runtime - What to consider when writing a smart contract - What belongs in a smart contract

The Concept Of Smart Contracts

The State Transition Function

State Transition Function

State Transitions

The State Transition Function

Turing Complete Language

Turing A Complete Language

Smart Contracts: Drawbacks

Etherium And Smart Contracts

Proof Concept

The Solution: Gas