Smart contract technology is booming with the release of Ethereum and programming languages such as Solidity and Serpent, that have made contracts much simpler to build and deploy. The idea has been around for a long time, though. Nick Szabo, the cryptographer known for his research on digital currency, wrote an article about smart contracts as early as 1995. Szabos article, Smart Contracts, was published in early 1996 in the magazine Extropy, and forecast with prescient accuracy the benefits and parameters of the blockchain contract applications in development and making blockchain news headlines today.
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