Topic: Smart Contract Status (Read 959 times)
publicity about the compilation of many templates or or for lack of experience in programming as a tool for smart contract platform, but not the transformation, e.g. , in a banal pressing two or three buttons to perform those or other works anyway, though, smart contract , as the execution of certain commands which require some art to fill them , but surely making some way on the same level, but not refining to the state press this button
The problem with smart contract is that you can not enforce it if there is a default, these kind of contract have no legal status, thus only suitable for internal use only
The blockchain only transfer ownership of a string of data, the value of these data can be given by market (In bitcoin's case it is exchanges). But a smart contract's value is decided by the value of its underlying property, not market. Because you must be able to enforce a take over of property in case of default, it requires smart contract have legal status. Currently it does not have legal status, thus it worth nothing
The blockchain only transfer ownership of a string of data, the value of these data can be given by market (In bitcoin's case it is exchanges). But a smart contract's value is decided by the value of its underlying property, not market. Because you must be able to enforce a take over of property in case of default, it requires smart contract have legal status. Currently it does not have legal status, thus it worth nothing
Hmm, thanks for info. Thinking a sidechain or new currency with more functionality. I don't understand all the technical details right now as much as I should.
The problem with smart contract is that you can not enforce it if there is a default, these kind of contract have no legal status, thus only suitable for internal use only
The blockchain only transfer ownership of a string of data, the value of these data can be given by market (In bitcoin's case it is exchanges). But a smart contract's value is decided by the value of its underlying property, not market. Because you must be able to enforce a take over of property in case of default, it requires smart contract have legal status. Currently it does not have legal status, thus it worth nothing
The blockchain only transfer ownership of a string of data, the value of these data can be given by market (In bitcoin's case it is exchanges). But a smart contract's value is decided by the value of its underlying property, not market. Because you must be able to enforce a take over of property in case of default, it requires smart contract have legal status. Currently it does not have legal status, thus it worth nothing
I don't know if there are any serious bitcoin smart contract applications in development but I do know that there are some blockchain technologies available right now that are truly innovative in terms of turing capabilities and smart contract applications. Do a little research on the Ethereum platform for more information in those regards. I don't think there is anything that can even compare to what they're doing....with bitcoin or any other platform.
I do not know if it is what you are looking for but I have currently read that IBM is developing smart conracts function based on Bitcoin.
However, I have not the slightest idea whether it will be released open source.
http://www.coindesk.com/ibm-developing-new-blockchain-smart-contract-system/
However, I have not the slightest idea whether it will be released open source.
http://www.coindesk.com/ibm-developing-new-blockchain-smart-contract-system/
Is anyone working on any smart contracts or do I have to take computer programming classes and start doing it myself?
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