<html><body><p>A smart contract is a mechanism involving digital <a href="https://quotes.tuteehub.com/tag/assets-2589" style="font-weight:bold;" target="_blank" title="Click to read more quotes about ASSETS">ASSETS</a> and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed <a href="https://quotes.tuteehub.com/tag/among-2660" style="font-weight:bold;" target="_blank" title="Click to read more quotes about AMONG">AMONG</a> those parties according to a <a href="https://quotes.tuteehub.com/tag/formula-9486" style="font-weight:bold;" target="_blank" title="Click to read more quotes about FORMULA">FORMULA</a> based on certain data that is not <a href="https://quotes.tuteehub.com/tag/known-4553" style="font-weight:bold;" target="_blank" title="Click to read more quotes about KNOWN">KNOWN</a> at the <a href="https://quotes.tuteehub.com/tag/time-14" style="font-weight:bold;" target="_blank" title="Click to read more quotes about TIME">TIME</a> the contract is initiated.</p></body></html>

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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.

Author - Vitalik Buterin Subject - Trust

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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.

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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.

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