The ins and outs of the key function behind blockhain technology.
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What is a Smart Contract?
A smart contract is a computer protocol intended to digitally allow for the application of a transaction by verifying, and enforcing the negotiation or performance of a contract. Smart contracts allow the implementation of transactions without the need for any kind of third parties. Once a transaction has been made it can be easily tracked but cannot be reversed.
Smart contracts were first suggested in 1994 by Nick Szabo, an American computer scientist who created a virtual currency called "Bit Gold" in 1998, ten years before the invention of Bitcoin. It is often suggested that Szabo is the real Satoshi Nakamoto, the anonymous inventor of Bitcoin, a claim that he has denied.
Szabo looked at smart contracts as computerized transaction protocols which finalize terms of a contract. He desired to spread the functional nature of the transaction methods in the electronic sense, such as POS (point of sale), into the digital world.
Taxation Records: Payments triggered automatically by smart contracts will prevent you being fined and allow you to be stopped from unintentionally committing a crime. Meanwhile, all data about taxation is stored on the Blockchain and available for everyone who is determined enough to check the database. The transparency of the tax records makes cheating almost impossible.
Real Estate: With the aid of smart contracts, real estate transactions can be easy to monitor. The centralized registry for properties would let you purchase and sell real estate without intermediaries and to pass ownership rights within a minute. After a few clicks, you would find the property you desire, pay for it, and get the evidence that you’re the new owner. You do not even have to make a face-to-face meeting with the seller.
Games and Gambling: If a virtual casino utilizes smart contracts, you would have no reason to be worried about losing money or not being compensated for your reward: whenever you win you will receive your rewards, whenever you lose you will not be able to trick the system and keep your money. Gambling evolves into something which istransparent and honest. The same algorithm is used for any paid computer game and e-sports.
Are Smart Contracts Secure?
While the blockchain is secure by trade and normally one of the more secure aspects of online technology, smart contracts tend to suffer from the fact that the code that is used to develop them is naturally inclined to bugs. In June 2016, a hacker seized over $50 million worth of crypto by taking advantage of a bug in smart contract code and, even more recently, in July 2017 another bug was found in the code of a popular Ethereum wallet with $30 million of crypto being stolen in this instance.
The level of money available provides a highly lucrative reason for hackers to put in the time and resources required to find bugs and loopholes in the codes of smart contracts.
How Can I make a smart contract?
Creating smart contracts can be a complex issue which can be problematic in numerous ways. For starters, these contracts are in their infancy stage and still have a way to go before they become more effective. If you're an experienced individual who is looking to start and ICO, there are several ways of going about it.
First of all, you need a platform for writing the smart contracts. Ethereum is a good way to start. However, there are alternative platforms such as Script in Bitcoin, Automated Transactions, and NXT. These require certain programming languages such as Turing. You're given a platform with templates and ways of designing the contracts which can be simple to use but still require some understanding and expertise in the field of creating these devices.
There are also certain limitations in the smart contracts, which you may need to be aware of before creating them. Their biggest limitations is the fact that these have to be quite simple in the way so you can only complete a transaction in the form of, if "a then b." These should evolve in the future, but at the moment this is a relatively limited model.
In addition to this, these contracts can only provide solutions to problems which one can solve objectively. We need solid facts to create these contracts, and anything requiring subjectivity would be more problematic in this sense. There are also problems when one wants to be redirected to a third party server, so this issue is something that would need to be resolved when the programme evolves.
What is a Smart Contract?
A smart contract is a computer protocol intended to digitally allow for the application of a transaction by verifying, and enforcing the negotiation or performance of a contract. Smart contracts allow the implementation of transactions without the need for any kind of third parties. Once a transaction has been made it can be easily tracked but cannot be reversed.
Smart contracts were first suggested in 1994 by Nick Szabo, an American computer scientist who created a virtual currency called "Bit Gold" in 1998, ten years before the invention of Bitcoin. It is often suggested that Szabo is the real Satoshi Nakamoto, the anonymous inventor of Bitcoin, a claim that he has denied.
Szabo looked at smart contracts as computerized transaction protocols which finalize terms of a contract. He desired to spread the functional nature of the transaction methods in the electronic sense, such as POS (point of sale), into the digital world.
Taxation Records: Payments triggered automatically by smart contracts will prevent you being fined and allow you to be stopped from unintentionally committing a crime. Meanwhile, all data about taxation is stored on the Blockchain and available for everyone who is determined enough to check the database. The transparency of the tax records makes cheating almost impossible.
Real Estate: With the aid of smart contracts, real estate transactions can be easy to monitor. The centralized registry for properties would let you purchase and sell real estate without intermediaries and to pass ownership rights within a minute. After a few clicks, you would find the property you desire, pay for it, and get the evidence that you’re the new owner. You do not even have to make a face-to-face meeting with the seller.
Games and Gambling: If a virtual casino utilizes smart contracts, you would have no reason to be worried about losing money or not being compensated for your reward: whenever you win you will receive your rewards, whenever you lose you will not be able to trick the system and keep your money. Gambling evolves into something which istransparent and honest. The same algorithm is used for any paid computer game and e-sports.
Are Smart Contracts Secure?
While the blockchain is secure by trade and normally one of the more secure aspects of online technology, smart contracts tend to suffer from the fact that the code that is used to develop them is naturally inclined to bugs. In June 2016, a hacker seized over $50 million worth of crypto by taking advantage of a bug in smart contract code and, even more recently, in July 2017 another bug was found in the code of a popular Ethereum wallet with $30 million of crypto being stolen in this instance.
The level of money available provides a highly lucrative reason for hackers to put in the time and resources required to find bugs and loopholes in the codes of smart contracts.
How Can I make a smart contract?
Creating smart contracts can be a complex issue which can be problematic in numerous ways. For starters, these contracts are in their infancy stage and still have a way to go before they become more effective. If you're an experienced individual who is looking to start and ICO, there are several ways of going about it.
First of all, you need a platform for writing the smart contracts. Ethereum is a good way to start. However, there are alternative platforms such as Script in Bitcoin, Automated Transactions, and NXT. These require certain programming languages such as Turing. You're given a platform with templates and ways of designing the contracts which can be simple to use but still require some understanding and expertise in the field of creating these devices.
There are also certain limitations in the smart contracts, which you may need to be aware of before creating them. Their biggest limitations is the fact that these have to be quite simple in the way so you can only complete a transaction in the form of, if "a then b." These should evolve in the future, but at the moment this is a relatively limited model.
In addition to this, these contracts can only provide solutions to problems which one can solve objectively. We need solid facts to create these contracts, and anything requiring subjectivity would be more problematic in this sense. There are also problems when one wants to be redirected to a third party server, so this issue is something that would need to be resolved when the programme evolves.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
