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Transition to Web3 - Course 3 | How Smart Contracts Work

In earlier Modules, we covered how blockchain technology enables a decentralized data system. We add data into blocks and the network ensures integrity thanks to nodes and mining.

Bitcoin was the first successful implementation of this technology. Six years after its inception, Vitalik Buterin, a programmer and the founder of Ethereum, came up with an idea in his white paper of 2014: "What if the blockchain concept can be used for more than just money?"

His idea was to create a decentralized computer system that allows users to create more flexible systems simply by writing up the logic in a few lines of code.

A blockchain can become a decentralized computer system if we make just two key tweaks:

  1. We allow the deployment of software programs (codes) into blocks
  2. We run the codes during the mining process

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Disclaimer: The information /programs / events provided on https://patika.dev and https://risein.com are strictly for upskilling and networking purposes related to the technical infrastructure of blockchain platforms. We do not provide financial or investment advice and do not make any representations regarding the value, profitability, or future price of any blockchain or cryptocurrency. Users are encouraged to conduct their own research and consult with licensed financial professionals before engaging in any investment activities. https://patika.dev and https://risein.com disclaim any responsibility for financial decisions made by users based on information provided here.