Ethereum Smart Contracts - short summary and tips
Following numerous questions that we receive regarding smart contracts and custom tokens, I decided to share a short summary of useful information and tips regarding smart contracts based on Ethereum network. I assume basic understanding of blockchain princeples (good explanation can be found here).
Definitions that you should know
Smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in and assets are automatically redistributed among those parties according to a formula based on certain data that is not known at the time the contract is initiated (Ethereum ...