Created
August 14, 2015 06:40
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Blockchain | |
- Anything that can be mathematically represented | |
- can be modelled | |
- secured | |
- traded | |
Privacy: | |
- Info, Identity, Funds are private | |
Contract: Program that runs everytime a message called a transaction is received | |
- store data | |
- send receive <transactions> | |
- interact with other contracts | |
- independent of control | |
- maintained by network | |
Transaction | |
DAO: Decentralized Autonomous Organization | |
- Collection of <contract> | |
- Funded by individuals | |
- Operates Transparently | |
- Operates Independently | |
- Without human meddling | |
- even by it's creators | |
- Stays on network as long as it | |
- is useful | |
- covers it's survival cost | |
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