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A decentralized computer system
Adding code into blocks
Adding code into blocks - Demo
Triggering smart contracts
Triggering smart contracts - Demo
Trigger transactions are added to the next block
Trigger transactions are added to the next block - Demo
Miners execute the code when mining
Miners execute the code when mining - Demo
Virtual machines run the code
What does it cost to run smart contracts?
Transaction fees - Demo
What happens when the code is executed?
1️⃣ Smart contracts creating a new transaction - Demo
2️⃣ Smart contracts updating the state - Demo
Big picture: advantages of decentralization
Big picture: what is possible with smart contracts?
Big picture: limitations of smart contracts