02 - Introduction part 2


  • Description:: continuation of introduction

Smart contracts (again)

Mere pieces of code!

If you want to invoke a smart contract you use a transaction! (metaphor: cheque)

The blockchain is just a sequence of sliced ladders.

Create a new smart contract

  • To deploy a new smart contract we begin our transaction with our data in a payload to an empty address (pick by a protocol, we don’t handle it).

  • A new smart contract account will be created.

  • From now on, everytime someone wants to execute that code will pay that address.

  • The code needs to be complicated (fees)!

  • The code is half public and half not.


  • classic client-server infrastructure with smart contracts behind