Simple explanation by quoting Nick Szabo: "Smart contracts go beyond the vending machine in proposing to embed contracts in all sorts of property that is valua

Simple explanation by quoting Nick Szabo: "Smart contracts go beyond the vending machine in proposing to embed contracts in all sorts of property that is valuable and controlled by digital means." http://szabo.best.vwh.net/smart_contracts_idea.html http://szabo.best.vwh.net/smart_contracts_idea.html