paul arssov
1 min readJan 16, 2020

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So called ‘smart contract’ is a marketing term designed to impress clueless VCs.

Technically, a ‘smart contract’ is a collection/library of functions which are called by a decentralized app (Dapp). Currently most ‘smart contracts’ do very little more than minting a token and keeping count.

Seems the writers of the article are frustrated by the ‘gurus’ who can not explain the specific feature which is integrated in some blockchains in simple terms…

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paul arssov
paul arssov

Written by paul arssov

Creating the decentralized web — https://decentralizeweb.org, building a decentralized communication platform

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