In the 15 years since the Genesis Block, the first set of 50 BTCs, was mined in January 2009, Bitcoin’s profile and impact on the global economy has increased exponentially. Hundreds of millions of people around the world have begun to recognize the merits of the truly revolutionary concept of a decentralized peer-to-peer currency.
Smart Contracts are an important part of blockchain technology. In this video, we will explain what do we mean by contracts and how they can be complete and incomplete, and why the blockchain is a fantastic technology to accomplish reduction of transaction costs.
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