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In 1996, cryptographer and computer scientist Nick Szabo coined the term “smart contract”, defining it as “a set of promises, specified in digital form, including protocols within which the parties perform on the other promises”. By doing so, he envisioned a future economy driven by these self-executing agreements, codified in code that would move capital and resources between individuals and businesses
The first known example of blockchain technology was outlined in a November 2008 whitepaper titled 'Bitcoin: A Peer to Peer Electronic Cash System' written by an anonymous individual - or group of individuals - operating under the pseudonym Satoshi...
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