Blog: Ethereum Classic Course: 14. What Are Smart Contracts?

You can listen to or watch this video here: Origin of Smart Contracts Smart contracts were invented by Nick Szabo in 1994. At that time he wrote: “An idea I've recently converged on, after studying areas from cryptography to Electronic Data Interchange (EDI) to business practice, is the concept of smart contracts. I define a smart contract as a computerized transaction protocol that executes terms…