- Nick Szabo, a legal scholar and cryptographer in 1994 realised that Decentralised Ledgers could be used for smart contracts - Automatically executes when specific conditions are met

Fundamentals of Blockchain Technology Flashcards by Rixim Sharma

{ "@context": "https://schema.org", "@type": "Organization", "name": "Brainscape", "url": "https://www.brainscape.com/", "logo": "https://www.brainscape.com/pks/images/cms/public-views/shared/Brainscape-logo-c4e172b280b4616f7fda.svg", "sameAs": [ "https://www.facebook.com/Brainscape", "https://x.com/brainscape", "https://www.linkedin.com/company/brainscape", "https://www.instagram.com/brainscape/", "https://www.tiktok.com/@brainscapeu", "https://www.pinterest.com/brainscape/", "https://www.youtube.com/@BrainscapeNY" ], "contactPoint": { "@type": "ContactPoint", "telephone": "(929) 334-4005", "contactType": "customer service", "availableLanguage": ["English"] }, "founder": { "@type": "Person", "name": "Andrew Cohen" }, "description": "Brainscape’s spaced repetition system is proven to DOUBLE learning results! Find, make, and study flashcards online or in our mobile app. Serious learners only.", "address": { "@type": "PostalAddress", "streetAddress": "159 W 25th St, Ste 517", "addressLocality": "New York", "addressRegion": "NY", "postalCode": "10001", "addressCountry": "USA" } }

Smart Contracts

Nick Szabo, a legal scholar and cryptographer in 1994 realised that Decentralised Ledgers could be used for smart contracts
Automatically executes when specific conditions are met

How well did you know this?

Not at all

Perfectly

Consensus Mechanisms

Proof of work
Proof of stake
Delegated Proof of stake
Proof of Importance
Practical Byzantine Fault Tolerance
Delegated Byzantine Fault Tolerance

How well did you know this?

Not at all

Perfectly

Fundamentals of Blockchain Technology Flashcards

(2 cards)