Introduction To Blockchain and Smart Contracts
About MeetupA blockchain facilitates secure online transactions. It is a decentralized and distributed database that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network. This allows the participants to verify and audit transactions inexpensively. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem, without the use of a trusted authority or central server.The bitcoin design has been the inspiration for other applications. Nearly every large Enterprise company is getting their hands dirty with blockchain. So why should we stay behind.Smart contracts are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Smart contracts often emulate the logic of contractual clauses. A blockchain-based smart contract is visible to all users of said blockchain. Within the recent hype around blockchain, “smart contract” is mostly used more specifically in the sense of general purpose computation that takes place on a blockchain. Second generation of projects, such as Ethereum and Monax, emerged after the first successful blockchain deployment. These were designed to achieve greater Turing completeness and create vast value chain ecologies.
The agenda of this meetup is:
*Note: Please bring your personal laptops as this will be a bit of practical session where you can try hands-on during meetup.
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