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cover of episode How Smart Contracts Work: A Visual Walkthrough

How Smart Contracts Work: A Visual Walkthrough

2021/11/12
logo of podcast Raoul Pal: The Journey Man

Raoul Pal: The Journey Man

Shownotes Transcript

Learn about smart contracts inside and out. David Salem, contributor at Epsilon Theory, is joined by Anders Brownworth to discuss from technical and philosophical perspectives. Beginning by coding his own smart contract, Brownworth gives viewers a visual breakdown of the inner workings of currencies like Ethereum. Salem and Brownworth then pivot to conceptualize how smart contracts might work in the real world. How do you enforce contracts that reach beyond the digital realm? They discuss "the trilemma" and the trade-offs that come with a truly decentralized coin like Bitcoin versus coins with an organization's backing like Ethereum. This is essential content for anyone who wants to truly understand crypto. Filmed on August 16, 2021.

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