Smart contracts - Simply Explained
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- เผยแพร่เมื่อ 19 พ.ย. 2017
- What are smart contracts and what do they have to do with blockchains and cryptocurrencies? Well, let's find in plain English!
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I just came here after watching a 30-minute video. Needless to say, I got more out of your 4 minute video than the other which I watched several times and STILL came away with ???? "If you can't explain it simply, you don't understand it well enough." - Albert Einstein.
That’s why it’s simply explained....lol I’m a new sub.
Well you can always go back to dog and cat videos like I did
Fr i hate it when someone explain it over 5 minutes just for a one word
0:36 0:42 0:43 0:43 0:44
Thanks for the overview Simply Explained. I love how easily you were able to simplify the concept for someone who had no idea about smart contracts and their value proposition. Your effort is greatly appreciated.
The explanation in this webinar is quite good, simple and clear. I hope it's something that will be worthy of doing with no regrets.
This is a great video - Thank you. Very interested to see how this progresses and all of the use cases that will emerge, particularly in security of health records
Beautiful explanation. So clear and to the point. THANK YOU!
Clear as crystal. Enjoyed every moment of it. Great job. Thanks
Clear, concise, and amazing. Thank you for making this.
yes
After few hours of searching and watching videos, this was the first I've really get it right and easy to digest from A to Z. Still need to learn,but it's a good start. Thank you !
Thank you! Most understandable crypto explanations I've heard. Much appreciated. Keep up the good work.
Finally a very clearly spoken and easy to understand video on this subject. I've watched three other videos on this thinking "how does this matter it seems very normal and not impressive"
When i watched 2 minutes of your video I thought "HOLY SHIT THIS IS BIG!"
This is the best video I have ever seen explaining smart contracts. Perfectly clear, concise and to the point no bs
Thank you so much, subscribed!
"A smart contract is a small program stored into a blockchain."
Genius, I will remember that. Thank you!
whats wrong with that explanation?
Nicely delivered & explained. Appreciated the content, thank you.
This is really well explained, the drawn examples are fundamental, the script is good too! Thanks a lot!
Thank you for your creation. Very clear and concise explanation!!
Very informative and at the same time capacious! Excellent video, subscription and thumbs up!
The contents you put in these videos are so AMAZING! Please keep going! :)
Never thought that this expertise would expand. I learned a lot by watching this video, thank you.
Awesome bro!
Nice and clean animation plus simple explanation
This helped me do my seminar on block chain
You explained very well and clear! Thanks alot!
Dear Savjee. Your videos are very informative, enlightening and most importantly very easy to understand. Even a lay man can understand the technology if teacher can be like you.
Thank you very much for the videos.
Please do some videos on Decred, EOS, NEO, GAS, Power Ledger. And please do videos on ICOs that are introducing new Technologies. if we understand the technology at ICO level, it is easy for us to decide on worth of it to invest.
Thank you for the awesome explanations ❤️👏🏻🔥
it's a great plesure to watch youre videos, i watch them several times and get some benificial informations in a very simple way
Superb explanation in a layman's terms. Thanks for the introductory video.
Amazingly well explained!
This was a great explanation. Thanks for the video!
these videos are really insightful exspecially now so thank you
Whoa, more I learn building blocks of internet during 90s, more amazing. Majority of society were raving about first online games ,getting any ISP, learning to use modem commands, when these people were researching 2000s, 2010s internet necessities in universities.
You killed it with this one sway!
This is as clearer as it can be cleared... thanks!!
Very Good, Precise, Easy to Understand presentation, of what Smart Contract entail. Thank you
Wow, smart contacts have always confused me but now they make perfect sense!! Thank you so much for this!
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere?
Thank you so much, very good and concise explanation!
Loving your channel. Subbed
Hello, great video, easy to understand.
However, I always wondered how can smart contracts could replace things like Airbnb and Uber in the case of a complaint. In those cases, the third party can be the judge. How those situations are handled in smart contracts ?
Would love to understand this to fully trust the concept of smart contracts.
Cheers.
Thank you. Your videos are very easy to follow and understand. I am showing them to all the younger generations in my family so their understand how the future of commerce and payments will be.
Great stuff, well explained
The contents you put in these videos are so AMAZING! Please keep going!
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere?
Very informative. Thank you kindly.
Thanks for the explanation 👍
This explanations are lovely thank you
Wow. 4 minutes and now I understand smart contracts. Great analogy with Kickstarter example. Thanks!
Great explanation. Thank you!
Thank you! Very clear explanation. There are some interesting ICOs that will offer smart contracts suck as DIW Token, Concierge and Gilgamesh
Thank you! This was very helpful!
very helpful, Great job. Keep up the good work
Thank you for this clear video.
Bro your honestly best at explaining stuff. Chur
Love your vids! Simple and super informative! Go a great new video idea for you... Sharding! Would be great if you could help a vid on this topic. This is the future for blockchains and understanding what sharding is would be greatly beneficial for your audience. Keep on making brilliant vids! Thanks
THANK YOU !!! I HAVE MY EXAM TOMORROW AND THANKS TO YOU I UNDERSTAND WHAT I WAS STRUGGLING TO UNDERSTAND FROM MY PROFESSOR
What school are they teaching you about blockchain and smart contracts?
Great job, easy to understande with practical example
I liked your video so much... Very useful. Please keep a course on this blockchain with certification.
Great video, wonderfully explained
This is the best crypto channel on youtube hands down. Thanks for all your videos!
Thanks a lot for your explanations
love your content. so simple
Thank you for this useful content
Wow, this video is awesome! Congrats
Great video and very well explained too!! One thing that I was a little confused by though is, how doesn't someone make sure that the actual smart contract that someone creates is trustworthy? Would a user need to go in and read the 'terms' (aka code) of the contract to be fully sure what the contract is doing?
Also interested in what mechanisms there are to verify whether the smart contract has been broken or upheld from inputs in real life, like if I fund something on kickstarter ensuring that either you get the product or you get refunded.
@@hsc587 Imagine this future scenario, its 2050, You enter a list of shopping items you need for the next week into Your robot, this information gets stored on a blockchain through a smart contract, so the robot goes through the city during the day visiting various vendors collecting the items and paying for them with your money/crypto. The vendors see the smart contract existing on the decentralized blockchain, so they hand out the merchandise and receive an immediate payment, so the contract gets safely and transparently executed.
Subscribed ! You make very good videos 👍
Really good one and very easy to understand. Thx
Such a wonderful explanation .
appreciate the explanation.
better than most..
Thank you so much for explanation
Happy new year bro. Was wondering if you could try to explain enigma as it's highly talked about and will have a massive impact if what they claim is true. Read their whitepaper but it's to difficult to understand..
Smart contracts are awesome. Ethereum, NEO and now Cardano - I'm loving the competition and innovation in this field! Smaller companies like PolicyPal Network and Propy are also doing a great job in bringing in smart contracts to increase efficiency and lower cost in their respective industry (insurance & real estate). Can't wait for more innovation in this area :)
And Elrond that launched Smart Contracts before Cardano and let the possibility to write them in any language that can be compiled to WASM (easy for Rust, C/C++ devs, but also possible for other programming languages).
Cardano is finally launching smart contracts this September, but don't forget that Flare will also be using them, and will add smart contract capability on the XRP ledger too. interesting times ahead.
ETH 2.0 will be King
@@dreerable Lol good joke right there
@@Prodelem it’s king now so your the joke
Best video on smart contracts.
Great vid. Simple explanation and great Content !!! Sub'd !!!
Extraordinary explanation
Great video, great example.
The best explanation!
As a person who is in the process of writing PhD about smart contracts, I would love to thank you! That is a great video for explaining people what are smart contracts
Simple and Clear!
Thank you, everyone was talking about smart contracts I had no idea what they were talking about.
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere?
Excellent video. Thanks.
great videos! Thank you.
Your videos are very clear. Thanks for the subtitles in Italian!
Thank you! Oh and don't thank me for the Italian subs, that is entirely powered by the community! So props to them for creating the subs and submitting them to me ;)
thank you for the simple explanation. it's succinct and straight to the point with no extra nonsense
Awesome explanation!
Explained very well
Okay. First of all thanks for this great video.
However I have a question about smart contract which works like people who judge in business.
When we are doing a business, things happening are not just simple as the smart contract do.
For examples, what if the reason for refunding is so ambiguous that just smart contract cannot judge ?
In that case human must engage right ?
So my question is even though almost every business change their base technology to blockchain, they cannot cut down expenses right ?
Very well explained
Excelent, and I'll use this video on my classroom everyday.
That's awesome! Spread the word!
Solid explanation 👍
You are really great. Thank you so much. Loves from Turkey. 🚀🚀
Excellent video,super easy to understand.
perfect job! thanks for the video.
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere?
Good video, significant is that people know that solidity is very different from JS.
a great video thanks for explaining
This is gold 🔥🔥🔥🔥
Thank you for simple explain this theme.
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere?
Thank You!
The implications for the future of our civilizations with these new ways of doing things are so amazing and I cannot wait
We are experiencing a shift in our reality... I can't wait to see how finance will look like in a 100 years
Thank you so much for this, much more straightforward than googling
Brilliant!!
Very wonderful presentation. Thank you. I now use smart contract to earn lots of money
Great Explanation
amazing video, thanks!!
i am very interested in smart contracts,digital currency/assets,digital id.thanks for your job..
Love the channel . Simply explained
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere?