Smart Contract Design – A Tech Lawyer‘s View

Smart Contract Design

Smart Contracts - See for Yourself

What are Smart Contracts?

When we try to assess smart contracts we first need to understand what this term means. It is generally agreed that Nick Szabo was the first to use this term. The gist of his definition is that smart contracts are contractual clauses embedded in hardware and software in such a way that a breach of contract is – prohibitively – expensive.

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