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HomeBitcoinRGB Magic Consumer Contracts On Bitcoin - Bitcoin Journal

RGB Magic Consumer Contracts On Bitcoin – Bitcoin Journal

That is an opinion editorial by Federico Tenga, a very long time contributor to Bitcoin tasks with expertise as start-up founder, advisor and educator.

The time period “good contracts” predates the invention of the blockchain and Bitcoin itself. Its first point out is in a 1994 article by Nick Szabo, who outlined good contracts as a “computerized transaction protocol that executes the phrases of a contract.” Whereas by this definition Bitcoin, because of its scripting language, supported good contracts from the very first block, the time period was popularized solely later by Ethereum promoters, who twisted the unique definition as “code that’s redundantly executed by all nodes in a worldwide consensus community”



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