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The idea of an intelligent contract was invented long before the invention of the cryptocurrency. In the distant 1994 year, a certain Nick Szabo (there is a version that this is Satoshi Nakamoto himself, read more about it here ) first invented the concept of commissioned work, although in practice the idea was implemented and could not. The idea was as follows: A mathematical-based computer protocol allows certain transactions and controls their implementation. The main idea of Sabo was the removal of intermediaries from these relationships. In those distant times, of course, the technical basis for the work of a smart contract was not and can not be. In the course of time, only in the 2009th year, a smart contract was practically implemented in Bitcoin. Smart contract and blocking When talking about smart contracts introduced in Bitcoin, these are very limited algorithms with minimal functionality.
Apparently, Satoshi Nakamoto was careful not to actively implement intelligent contracts because he was worried about the security of the entire system. Nonetheless, it was thanks to Nakamoto that its implementation became possible at all - without the technology of blocking, the existence of some intelligent contracts would have the vague prospects. Without a distributed registry, what is Blockchain , the introduction of smart contracts would be impossible and that is why the environment cryptocurrency and intelligent contracts are inextricably linked. However, contracts today work outside this environment - they have been taken over by business representatives who are trying to organize the work of a smart contract outside the traditional log houses.
Smart Contract Developers
