Tag: Smart Contracts

by Kiran Garimella

Technologies of Blockchain Part 3: Cryptography, Scaling, and Consensus

In Part 2, we saw how a simple concept of a linked list can morph into complex, distributed systems. Obviously, this is a simple, conceptual evolution leading up to blockchain, but it’s not the only way distributed systems can arise. Distributed systems need coordination, fault tolerance, consensus, and several layers of technology management (in the…

by Kiran Garimella

The Three Fallacies of Smart Contracts

Smart contracts have become popular due to the extensibility of the Ethereum blockchain beyond its main foundation as a cryptocurrency platform, where it competes with Bitcoin. The phrase ‘smart contract’ caught on in the popular imagination. After all, contracts are important mechanisms for transacting business, and what better than to make our contracts smart with…

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