Skip to main content

Posts

What Is a Smart Contract, Is It Important?

Do you know about Smart Contract, how is the role of Smart Contract in Blockchain? On this occasion we will briefly discuss smart contract, on the blockchain platform smart contract are useful for creating digital consent protocols whose rules are determined by computer code and agreed upon by network nodes. Contracts consist of a collection of codes and recorded data for a specific purpose. Anyone can create smart contracts over a network like Ethereum, as long as you know how to write a programming language. The user only needs to translate the desired prerequisites for the program to be executed via code. After successfully created, the smart contract can be released into the network by paying a gas fee as in general transactions through the blockchain network. In its implementation, the user must first determine how the transaction data will apply. All participants, both sender and receiver, must also agree to and accept the rules of the smart contract. The bustling use of smart c...

Bitcoin, How It Changes The World

Yeah, Do you know Bitcoin? Surely almost everyone knows it, if you don't know maybe you should know now. We have all seen the development of Bitcoin from the beginning until now, this is one of today's payment technology innovations that makes our lives easier without the need for a third party as a payment intermediary. Apart from being used as a digital payment instrument, Bitcoin is now traded as an investment option. Creation In 2008, Bitcoin's origins began with the registration of the bitcoin.org domain and the release of the paper Bitcoin: Peer-to-peer Electronic Money Systems. By a person or group on behalf of Satoshi Nakamoto and continued with the release of the Bitcoin software as open source code and early chain block mining in 2009. The recipient of the initial Bitcoin transaction was Hal Finney, he downloaded the Bitcoin software on January 12, 2009 and received ten Bitcoins from Satoshi Nakamoto. Bitcoin's first known commercial transaction was when a pr...