Smart Contract Dictionary
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This document provides an overview of key concepts related to blockchain and smart contracts, including: - Cryptocurrency uses cryptography to securely record and verify transactions on a public blockchain ledger. - Blockchain is a continuously growing list of transaction records stored in blocks that are cryptographically linked together. - Bitcoin is a decentralized cryptocurrency network that allows peer-to-peer transactions without intermediaries. - Ethereum is an open-source blockchain platform that enables smart contracts through a native cryptocurrency. - Smart contracts are computer programs that automatically execute transactions according to predefined rules.
Smart Contract Dictionary
- 1. ILLUSTRATED DICTIONARY BLOCKCHAIN AND SMART CONTRACTS (SESSION 4) Hands-on introduction for Software Developers and Architects
- 2. PLAN FOR TODAY Understand concepts and terminology
- 3. CRYPTOCURRENCY Is a tradable entity (digital currency) that use cryptography to secure its transactions control the creation of additional units verify the transfer of assets Use decentralized control that works through a public transactional database built on top of blockchain
- 4. BLOCKCHAIN Continuously growing list of records, called blocks Linked and secured using cryptography Each block contains Cryptographic hash of the previous block Timestamp Transaction data
- 5. BITCOIN Is a cryptocurrency with the following characteristics: Global peer to peer network Decentralized (no single entity can control it) Open source (wallet & transaction verification) Bypassing middlemen or central authority No issuer or acquirer Anyone with a computer or smartphone can use it
- 7. ETHEREUM Distributed computing platform open-source Public blockchain-based Features smart contract (scripting) functionality Cryptocurrency
- 8. SMART CONTRACT Computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract Allow the performance of credible transactions without third parties Transactions are trackable and irreversible Cryptocurrencies have implemented smart contracts
- 9. DAPP (DECENTRALIZED APPLICATION) Open-source Operate autonomously No entity controlling the majority of its tokens All changes must be decided by consensus of its users Application data and records of operation must be cryptographically stored in a public, decentralized blockchain The application must use a cryptographic token (bitcoin or a token native to its system) The application must generate tokens according to a standard cryptographic algorithm acting as a proof of the value nodes are contributing to the application
- 10. DAO DECENTRALIZED AUTONOMOUS ORGANIZATION Organization that is run through rules encoded as computer programs called smart contracts Has an objective to provide a new decentralized business model Has no conventional management structure or board of directors Stateless (not tied to any particular nation state)
- 11. STAY IN TOUCH Gene Leybzon https://www.linkedin.com/in/leybzon/ https://www.meetup.com/members/90744 20/ https://www.leybzon.com
Editor's Notes
- #4: https://en.wikipedia.org/wiki/Cryptocurrency
- #5: https://en.wikipedia.org/wiki/Blockchain
- #7: https://kovan.etherscan.io/
- #8: https://en.wikipedia.org/wiki/Ethereum
- #9: https://en.wikipedia.org/wiki/Smart_contract
- #11: https://en.wikipedia.org/wiki/The_DAO_(organization)