Step By Step Beginners Guide to understanding smart contracts
Similar to any other contract, Smart Contract states the terms or guidelines of the contract. The concept behind “Smart Contracts” dates into the early 20th Century, the time when cryptocurrency was not created. If someone is reading this article, they may already be familiar with “Ethereum” since it’s the second cryptocurrency after Bitcoin that was introduced. It is the same for both. Bitcoin and Ethereum utilize the technologies of Blockchain.