O'Reilly logo

Tokenomics by Thomas Power, Sean Au

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Smart contracts: are they that smart?

Contracts appear all around us in our daily lives: the agreement to meet for a coffee, to shout a friend lunch, or help pick up your in-laws from the airport during their yearly Christmas visit. Technology has not replaced the notion of contracts but simply changed the interface. The act of putting coins into a street parking meter or swiping your bus transportation card all constitute the act of participating in an agreement.

Take the ever-popular vending machine, for example. When coins are inserted, I expect the can of Coke to be dispensed, along with the appropriate amount of change. Back in the days when these vending machines were invented, they were a revolution. They were also considered smart devices. ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required