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A smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed among those parties according to a formula based on certain data that is not known at the time the contract is initiated.
Vitalik Buterin
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"A smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed among those parties according to a formula based on certain data that is not known at the time the contract is initiated."
— Vitalik Buterin #technologydigitallife

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A smart contract is a mechanism involving digital assets and two or more parties, where some o…

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A smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed among those parties according to a formula based on certain data that is not known at the time the contract is initiated. — Vitalik Buterin

About Vitalik Buterin

Vitalik Buterin was a Businessman from Russia (1994–present).

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Frequently Asked Questions

Who said "A smart contract is a mechanism involving digital assets and two or more partie…"?
This quote is attributed to Vitalik Buterin, a Businessman from Russia.
When did Vitalik Buterin live?
Vitalik Buterin lived from 1994 – present.
What is this quote about?
This quote touches on Technology & Digital Life. Browse more quotes on these themes from the categories page.