Understanding Advanced Smart Contracts

The clever use of smart contracts has contributed significantly to the exploding popularity of blockchain technology. Computer scientist Nick Szabo proposed a smart contract as a collection of instructions executing automatically. This technology aims to make contract execution as automated as possible. Many know how basic smart contracts work, but finding a guide on their advanced versions is rare. After a basic overview, we will analyze two typical cases of advanced smart contracts. For simplicity, the article will not deal…