That is an opinion editorial by way of Federico Tenga, a very long time contributor to Bitcoin tasks with revel in as start-up founder, advisor and educator.

The time period “sensible contracts” predates the discovery of the blockchain and Bitcoin itself. Its first point out is in a 1994 article by way of Nick Szabo, who outlined sensible contracts as a “automatic transaction protocol that executes the phrases of a freelance.” Whilst by way of this definition Bitcoin, because of its scripting language, supported sensible contracts from the first actual block, the time period used to be popularized most effective later by way of Ethereum promoters, who twisted the unique definition as “code this is redundantly completed by way of all nodes in an international consensus community”


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