Ethereum And Smart Contracts

Smart Contracts
Before entering into the world of ethereum, it is better to look at one more recognition.

You're in the office, you're hungry. You don't have time to go out and go to the store. In There's a vending machine downstairs. There would have been a few coins in there somewhere da You went, you threw the money into the automaton, the vending machine threw the biscuit you wanted. Congratulations! You have performed a Smart Contract transaction!

This is not really a joke, but perhaps the, Smart Contract ğ that is actually played in your ear. You are expecting a very complex or profound concept because of the so-called smart, but it is not. On the contrary, the e Smart Contract yür is the process that comes into force when the conditions mentioned by the two parties, which have already been laid down, have already been established. In the example above, you know that when you throw money into the machine you will get a biscuit. The machine is programmed in a similar way and the money is put into it and the selection is made automatically when it is done.

Why is it called a smart contract? For this reason: When two people make a is normal is contract between them in any way, one of the parties may not hide under the pretext of saying şöyle No sir, it has been like this and I gave up tı and may not fulfill its promise. Then intervene, lawyers, if necessary, try to get out of the judiciary and work.

The real power of the smart contract is here. The intelligent contract does not predict such complex rules and so on, on the contrary, quite simple. But the real power of the smart contract is that we're confident that the other party will do it. Because the conditions are automatically in a software, when that condition occurs, what is the result determined for both sides, it happens automatically.

Look at the question of gel trust Block in Bitcoin or other Blockchain based technologies. In the previous articles, we wrote that these new systems no longer require the need for a centralized authority or intermediary that is caused by a lack of confidence. The need to trust that we will meet the counterpart's promise in bilateral relations with intelligent contracts is eliminated.

Ethereum and Smart Contracts

In fact, intelligent contracts have long been known as a concept - the same vending machines have long been in our lives. Currently, the most well-known KriptoPara Bitcoin has a smart contract language called Script, for example. However, as you may recall from our previous article, Bitcoin and its developers, who were used more digitally to transfer an asset from one side to another, chose to focus only on Bitcoin's digital currency feature. The founder of Ethereum, Vitalik Buterin, wanted to use Blockchain systems not only for money but for many other functions. These functions range from the transfer of a digital asset from one person to another, from a wide range of digital services to computers in different locations. In order to make a payment for these services and to pay for these services, these machines had to be a common set of rules and contracts. Here, Ethereum has emerged as an infrastructure platform for the transactions to be made between these different machines and the smart contracts to which these processes will depend.

Ethereum places the world's largest computer at the disposal of people, as remote and independent machines do the work given away from them. Software developers will be able to write programs that will work on the world's largest computer. When the machines do this, they receive the currency of the ether - in other words, it is also called fuel. Software developers pay for the ether as they use the system. A kind of system that pushes the developers to write simple and efficient code, because the more efficient you are, the less money you will pay to the system. There are hundreds of software built on Ethereum. Just like the App that you bought from the Apple Store on the same Apple's operating system ’These are called dApps. Most of them aren't ready to go on stage yet. But it is possible to say that Turkey and Etherea uses the infrastructure of the majority of venture established on Blockchain the world.