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      "body": "Congratulations @faizanbhat! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@faizanbhat/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@faizanbhat) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=faizanbhat)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "author": "faizanbhat",
      "body": "![jeshoots-com-523925.jpg](https://steemitimages.com/DQmXhKiBwfRWDrXuijQq4Q8rM69kJAKGLCeQoY87soGChBo/jeshoots-com-523925.jpg)\n\nKids today are growing up in a world drastically different from the one we grew up in. In fact, each new generation is born into a world exponentially more advanced than the last. \n \nWhile just a few decades ago we had to rely on huge, slow machines to solve programs, make calculations and handle data, today we all carry computers in our pockets that perform those tasks upwards of a million times a day. They are thousands of times faster and can perform a million additional tasks.\n \nOur smartphones give us instantaneous access to almost all information that exists and let us communicate freely with every other device on the planet. This has changed our world beyond recognition.\n \nToday, our world is run by the technology we have created. Every simple task — from a shopping trip to the simple act of opening the door of your car — involves the intervention of modern technology and the exchange of computer code.\n\n# Code is the language of modern technology\n\nModern technology works on computer code — the language that all our devices speak.\n \nComputer code is how devices and programs communicate with each other and with us. It’s how they perform tasks, make decisions and control the world around us.\n \nIn other words, **code is the language that runs the world**.\n \nTherefore, teaching kids to code is not just about securing future jobs: it’s about **promoting a mindset of problem-solving** and enabling them to **understand the world around them**.\n\n# Understanding the world\n\nLearning to code should be a fundamental requirement in primary education, much like biology, mathematics and the various social sciences.\n \nAs we’ve already established that the modern world encompasses the technology that man has created, it is thus imperative that we help our children understand and master it.\n \nBy learning how things around us work, your kid will grow up with a better understanding of the world.\n\n# Problem-solving\n\nCoding also helps your kids solve complex problems and promotes computational thinking. Computational thinking is how computer engineers solve problems. \n \nIt is a way of solving problems that combines mathematics, logic and computer algorithms to come up with solutions that can be effectively carried out.\n \nThis not only enables your kids to understand modern technology but also provides them with the mindset to solve problems in any discipline.\n\n# Securing careers\n\nIt can’t be sidelined that learning to code will prepare your kids for the bulk of future jobs.\n \nWith advancements in the fields of artificial intelligence and robotics, the day is not far when the majority of the workload will be automated.\n \nMachine learning (a form of AI that enables machines to learn from trial error) makes it possible for scientists and programmers to teach machines to perform the most complex of tasks accurately and efficiently.\n \nSoon, the jobs predominantly occupied by humans will be handed over to automated machines. With machine learning, these machines will be able to perform surgeries, predict the market, write books and drive vehicles among other things.\n \nBut building these machines would still require people who can write efficient computer code to program them. Being able to build and program such machines would be a relevant and desired skill.\n \nLearning to code, therefore, is likely to ensure you have a secure career in the future.\n\n# But how do we teach a language we do not speak?\n\nLike any human language, computer code is built on a framework, has a vocabulary and follows certain rules. \n \nLearning to code is not hard at all. In fact, your kid can learn the basics in a couple of days. They might even begin writing simple programs in no time if they’re so inclined.\n \nEngaging them, however, is no easy task.\n\n# Play and learn\n\nTeaching your kids to write and understand computer code will most likely require you to look for coding camps and courses in your neighborhood, which employ creative ways to incorporate the basics of coding in everyday tasks and activities. \n \nYou may also look for such courses online. Most such ‘courses’ are crafted like games to help kids learn to code.\n \nOne such organization is Doodle Diaries, which offers a US-based STEAM (Science — Technology — Engineering — Art — Mathematics) curriculum for children aged 6 to 18 years old. \n \nBased in New Delhi, Doodle Diaries strives to bring to the young generation a comprehensive knowledge of STEAM and other 21st century skills. \n \nThey teach young kids the basics of coding through the use of drag-and-drop blocks, custom-built games, art studios and other project-based learning models.\n \nApart from teaching kids the fundamentals of programming and code development, they also provide fun activities to educate them on complex topics like robotics, electronic circuits and 3D technology.\n\n**For more information, fill out the form [here](https://docs.google.com/forms/d/e/1FAIpQLSdL7TuYssxp0fG34xRZ1KJtEuNMF0ZvsHHusgAEReb3HQ_ykw/viewform)**.\n\n_This article was originally published on [Medium](https://medium.com/@faizanrashidbhat/why-your-kids-should-learn-to-code-and-how-to-get-them-started-778ec79c73cf)._",
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      "body": "@@ -1,15 +1,14 @@\n ---%0A%0A%0A\n-_\n I have m\n@@ -91,319 +91,38 @@\n ons%E2%80%8A\n-.%0A%0A_I do have one constant regret, however. All the things that should matter but don't; yet I regret this mostly faint incident. And till recently, I hadn't even realized it._%0A%0A_So to absolve myself of all the mistakes, misunderstandings and misdeeds that could haunt me, I recount this half-forgotten memory._\n+%E2%80%94that is quite a misdemeanor.%0A\n %0A%0A--\n",
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      "body": "---\n\n\n_I have made quite a few mistakes in life, big and small. But I rarely regret my actions ._\n\n_I often remind myself of all the things I've done to warrant regret—stupid things, sometimes terrible things—and yet I fail to bring myself to remorse for most of those._\n\n_Perhaps, I am not as guilty as I like to believe._\n\n_I do have one constant regret, however. All the things that should matter but don't; yet I regret this mostly faint incident. And till recently, I hadn't even realized it._\n\n_So to absolve myself of all the mistakes, misunderstandings and misdeeds that could haunt me, I recount this half-forgotten memory._\n\n---\n\nTo say that I met her would be an inaccurate statement. We never really “met”. We only happened to be in the same places a few times.\n\nI knew I loved her about a week or two after having seen her for the first time. She was walking home.\n\nThere was something in the way she walked — as if the world around wasn’t allowed into her consciousness. Her consciousness was too precious to allow unimportant things.\n\nTo be loved by someone like that would be quite an achievement.\n\nIt’s been a little more than 10 years now. I’m not too old though — I’m 25.\n\nBut it feels like yesterday. Sometimes, it feels like it’s still happening.\n\nLike I’m in the midst of it all over again. Noticing her by chance. As she walks to her home and into my heart.\n\nShe’s never left since (from my heart, not her home. Although…), if I’m being honest. And I haven’t seen her for just as long.\n\nFor someone I didn’t spend a lot of time with, I’ve spent most of my thoughts.\n\nSometimes consciously but mostly unaware.\n\nMy world doesn’t revolve around her but sometimes I wish it did.\n\nShe has always been my answer to: _what is love?_\n\n## Mistakes\nEven though I was smitten by her, I never asked myself whether she liked me, or even knew me for that matter.\n\nIt didn’t matter.\n\nI wasn’t planning to ask her out or anything.\n\nYou see, I’m not your usual, common person. I have quirks.\n\nAnd just because I loved someone, it didn’t mean that I wanted to spend my life with them, or even a day.\n\nThat was a mistake.\n\nTo put it precisely, it was a mistake for me to not want her to be a part of my life or me to be a part of hers.\n\nIf I wanted it, I might have done some things to that effect.\n\nI dare not suggest it but perhaps we would’ve been together.\n\nWe never were.\n\n## Misunderstandings\nWe talked.\n\nSomehow, a series of unkempt incidents resulted in us having conversations over text. Social media, to be more precise.\n\nI never asked for her number, nor did she ask for mine.\n\nBut there was a time we had started talking for hours every day.\n\nSomewhat regularly.\n\nI wasn’t comfortable with that.\n\nI hate continuity to this day to some extent.\n\nWe talked about love, about life and a bunch of other things.\n\nOf all the people I’ve ever talked to, she was the one who held my attention the most.\n\nI don’t know what she felt (and it didn’t matter to me) but I was mesmerized.\n\nWhat did matter to me was that she be happy. And I tried in my ways to accomplish that most uphill of tasks.\n\nI would never consider her happiness to coincide with love. Although I must admit, the thought did cross my mind.\n\n“Does she like me?”\n\nThe thought would vanish as suddenly as it would materialize.\n\nI would remain unaffected by that question for longer.\n\n## Misdemeanor\nLike I said before, I’m not your usual kind of person. Although now, I like to pretend I am.\n\nWhat matters to me and what doesn’t is sometimes a mystery to even myself.\n\nAnd some things started to matter when they shouldn’t have.\n\nI heard from someone that she did have a boyfriend during the time we talked.\n\nDidn’t matter.\n\n“I’ve had flings with dozens of girls,” I remember thinking. “And it’s not like I envision us together.”\n\nBut then I started asking myself why she would spend so much time talking to me.\n\n“What about that boyfriend of hers?”\n\n“This isn’t fair.”\n\nNot to me (frankly, I could’ve lived with that), not to that other guy (couldn’t give a rat’s ass) and not to her.\n\n“Should I be the cause of her becoming a person that even I would not approve of?”\n\nAnd slowly, it began to matter.\n\nSlowly, I chose to take the quiet way out.\n\nI loved her and quite possibly still do.\n\nSo letting her go was hard, and I regret it to this day.\n\nIn the end, it didn’t make me a better person. It didn’t make me anything. I don’t know what it made her. A little pissed off, perhaps.\n\nIt doesn’t matter.\n\nA decade worth of years have passed. I’m a changed man, and all my misdemeanors have washed away, all my mistakes forgotten. There is no room for misunderstandings.\n\nTo think that I’ve only recently realized that she is what I’ve been missing for such a long time is a pity indeed.\n\nThen again, a lot of things and a lot of people have happened since; I want to leave them all out of this particular memory.\n\nFor a moment, let’s pretend that only she and I exist in this universe.\n\nHow odd, then, that we will never meet again?",
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      "body": "---\n\n\n_I have made quite a few mistakes in life, big and small. But I rarely regret my actions ._\n\n_I often remind myself of all the things I've done to warrant regret—stupid things, sometimes terrible things—and yet I fail to bring myself to remorse for most of those._\n\n_Perhaps, I am not as guilty as I like to believe._\n\n_I do have one constant regret, however. All the things that should matter but don't; yet I regret this mostly faint incident. And till recently, I hadn't even realized it._\n\n_So to absolve myself of all the mistakes, misunderstandings and misdeeds that could haunt me, I recount this half-forgotten memory._\n\n---\n\nTo say that I met her would be an inaccurate statement. We never really “met”. We only happened to be in the same places a few times.\n\nI knew I loved her about a week or two after having seen her for the first time. She was walking home.\n\nThere was something in the way she walked — as if the world around wasn’t allowed into her consciousness. Her consciousness was too precious to allow unimportant things.\n\nTo be loved by someone like that would be quite an achievement.\n\nIt’s been a little more than 10 years now. I’m not too old though — I’m 25.\n\nBut it feels like yesterday. Sometimes, it feels like it’s still happening.\n\nLike I’m in the midst of it all over again. Noticing her by chance. As she walks to her home and into my heart.\n\nShe’s never left since (from my heart, not her home. Although…), if I’m being honest. And I haven’t seen her for just as long.\n\nFor someone I didn’t spend a lot of time with, I’ve spent most of my thoughts.\n\nSometimes consciously but mostly unaware.\n\nMy world doesn’t revolve around her but sometimes I wish it did.\n\nShe has always been my answer to: _what is love?_\n\n## Mistakes\nEven though I was smitten by her, I never asked myself whether she liked me, or even knew me for that matter.\n\nIt didn’t matter.\n\nI wasn’t planning to ask her out or anything.\n\nYou see, I’m not your usual, common person. I have quirks.\n\nAnd just because I loved someone, it didn’t mean that I wanted to spend my life with them, or even a day.\n\nThat was a mistake.\n\nTo put it precisely, it was a mistake for me to not want her to be a part of my life or me to be a part of hers.\n\nIf I wanted it, I might have done some things to that effect.\n\nI dare not suggest it but perhaps we would’ve been together.\n\nWe never were.\n\n## Misunderstandings\nWe talked.\n\nSomehow, a series of unkempt incidents resulted in us having conversations over text. Social media, to be more precise.\n\nI never asked for her number, nor did she ask for mine.\n\nBut there was a time we had started talking for hours every day.\n\nSomewhat regularly.\n\nI wasn’t comfortable with that.\n\nI hate continuity to this day to some extent.\n\nWe talked about love, about life and a bunch of other things.\n\nOf all the people I’ve ever talked to, she was the one who held my attention the most.\n\nI don’t know what she felt (and it didn’t matter to me) but I was mesmerized.\n\nWhat did matter to me was that she be happy. And I tried in my ways to accomplish that most uphill of tasks.\n\nI would never consider her happiness to coincide with love. Although I must admit, the thought did cross my mind.\n\n“Does she like me?”\n\nThe thought would vanish as suddenly as it would materialize.\n\nI would remain unaffected by that question for longer.\n\n## Misdemeanor\nLike I said before, I’m not your usual kind of person. Although now, I like to pretend I am.\n\nWhat matters to me and what doesn’t is sometimes a mystery to even myself.\n\nAnd some things started to matter when they shouldn’t have.\n\nI heard from someone that she did have a boyfriend during the time we talked.\n\nDidn’t matter.\n\n“I’ve had flings with dozens of girls,” I remember thinking. “And it’s not like I envision us together.”\n\nBut then I started asking myself why she would spend so much time talking to me.\n\n“What about that boyfriend of hers?”\n\n“This isn’t fair.”\n\nNot to me (frankly, I could’ve lived with that), not to that other guy (couldn’t give a rat’s ass) and not to her.\n\n“Should I be the cause of her becoming a person that even I would not approve of?”\n\nAnd slowly, it began to matter.\n\nSlowly, I chose to take the quiet way out.\n\nI loved her and quite possibly still do.\n\nSo letting her go was hard, and I regret it to this day.\n\nIn the end, it didn’t make me a better person. It didn’t make me anything. I don’t know what it made her. A little pissed off, perhaps.\n\nIt doesn’t matter.\n\nA decade worth of years have passed. I’m a changed man, and all my misdemeanors have washed away, all my mistakes forgotten. There is no room for misunderstandings.\n\nTo think that I’ve only recently realized that she is what I’ve been missing for such a long time is a pity indeed.\n\nThen again, a lot of things and a lot of people have happened since; I want to leave them all out of this particular memory.\n\nFor a moment, let’s pretend that only she and I exist in this universe.\n\nHow odd, then, that we will never meet again?",
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      "body": "<html>\n<p><img src=\"https://cdn-images-1.medium.com/max/800/1*jRA_D7NbnHR_t_IRVMHZaQ.png\" width=\"560\" height=\"315\"/></p>\n<p>The concept of smart contracts was first developed around the mid-90s by legal scholar and computer scientist Nick Szabo. &nbsp;<br>\n<br>\nThe initial idea was to replace traditional contracts with reliable computer programs. These programs would execute as per the terms of the contract.<br>\n<br>\nAs a computer program cannot back out of an agreement, it was supposed to be more predictable and reliable than conventional contracts that depend entirely on human mediation. &nbsp;<br>\n<br>\nIn a smart contract, every transaction would be implemented without the interference of a third-party or middlemen.<br>\n<br>\nSimply put, a smart contract is <strong>a legal agreement in the form of a computer program that executes itself when particular conditions are met</strong>. These conditions are what all parties involved have already agreed upon. Once deployed or put into action, a smart contract <strong>cannot be interfered with</strong>.<br>\n<br>\nFor decades though, smart contracts remained hardly more than an intriguing hypothesis.<br>\n<br>\nIt was extremely difficult to write a secure, efficient program that could store the terms of an agreement, verify its outcomes and then complete the transaction without human interference.<br>\n<br>\nThat changed when blockchain technology was developed.&nbsp;</p>\n<h2><strong>Smart contracts on a</strong> <strong>blockchain</strong>&nbsp;</h2>\n<p>A blockchain can be thought of as a database (or a distributed ledger) spread across a number of computers, all of which retain a full copy.<br>\n<br>\nEach of the duplicated copies of the database are constantly synchronized and validated against each other for flaws or anomalies. &nbsp;<br>\n<br>\nIf the information in one copy of the database does not precisely match the information in all the other copies, it is considered to be compromised and is promptly replaced by the version supported by the majority.<br>\n<br>\nThe cryptographic nature of the blockchain makes it possible to write code that can enforce a predefined agreement or relationship securely and instantly. &nbsp;<br>\n<br>\n(To understand how a blockchain works, please refer to the easy-to-follow guide by Hacker Noon titled \"WTF is The Blockchain\" &nbsp;— Google it)<br>\n<br>\nSeeing how a contract may have any amount and types of clauses and conditions, creating a smart contract would require an environment that is able to handle all possible computations without fail. This is where Ethereum comes in.<br>\n<br>\nEthereum is the second most popular blockchain platform today after Bitcoin. Unlike Bitcoin though, Ethereum implements a Turing-complete programming language, Solidity, on its blockchain. This means that it is capable of expressing all tasks that can be performed on computers. &nbsp;<br>\n<br>\nMoreover, Ethereum is designed for building decentralized applications that run on the blockchain, enabling rapid development, security and interactivity while eliminating third-party interference.<br>\n<br>\nThis allows for the creation of advanced smart contracts on the blockchain that can be made to perform the most complex of tasks.<br>\n<br>\nA smart contract on a blockchain works like <strong>an executable piece of code that stores the rules for negotiating the terms of the contract, verifies outcomes to predetermined specifications and then accurately executes the agreement</strong>.<br>\n<br>\nApart from functioning as decentralized legal agreements, smart contracts can also be used for general computation on the blockchain. A smart contact can also take inputs from other smart contracts. This enables different smart contracts to work together in order to perform complex tasks.<br>\n<br>\nWith access to your history of transactions and available cryptocurrency balance, a smart contract can also automate transfer of funds between any two accounts on the blockchain.<br>\n<br>\nIn light of this, there are countless advantages to a decentralized legal agreement.<br>\n<br>\n<em>Imagine you and a stranger meet in a bar and place a bet on whether or not it would rain tomorrow. Both you and the stranger wager $10 each and entrust the bartender to hold the money till either of you wins. The bartender would then give the whole $20 to whose prediction comes true.</em><br>\n<br>\n<em>Although not a legal agreement, this example works just as fine as both you and the stranger are relying on a third party – the bartender – to carry out what you've agreed upon. The bartender, who knows none of you personally, may ask for a nominal fee from you both to carry out these duties. Let's say you pay $1 each to make the bartender keep his word.</em> &nbsp;<br>\n<br>\n<em>The next day, you win the bet and come to the bar to collect your money. Now there are many things that could go wrong here. The bartender may not show up at all or refuse to give you the</em> <em>money citing problems of his own. But let's say he gives you the money after serving his other duties. So, even in a successful transaction, you've had to trust a middleman, pay him a fee and wait for him to carry out his tasks.</em><br>\n<br>\nThat's how a conventional transaction takes place, more or less. You rely heavily on third parties and middlemen (including banks) and it costs both you and the other transacting parties (which, in a business setting, would be your customers) a little extra. &nbsp;<br>\n<br>\nHowever, with a smart contract, all you have to do is place the bet. The rest of the transaction will be not only automated but also decentralized and directly enforceable. This means that none of the parties can back out of the agreement.<br>\n<br>\nThe smart contract will store the rules and penalties of the agreement made between you and the stranger, which once deployed will be unalterable. It will then wait for tomorrow to <strong>analyze</strong> <strong>the outcome</strong> by receiving inputs from another smart contract that is built to check weather, <strong>validate the required conditions</strong> based on what has already been agreed upon and then <strong>transfer assets from one party to another</strong> based on whose bet turned out to be right. The assets here would be a cryptocurrency like bitcoins and ether rather than fiat money like the dollar.&nbsp;&nbsp;</p>\n<h2><strong>Okay but what does this mean for me?</strong>&nbsp;</h2>\n<p>Smart contracts have many real-world applications. In fact, the possibilities are endless.<br>\n<br>\nA smart contract can help you exchange units of value like money, property or shares securely and without mediation from middlemen or government agencies. &nbsp;<br>\n<br>\nBlockchain systems like Ethereum, on which smart contracts run, are undeniably faster, cheaper and much more secure that traditional systems, and operate in a transparent, dispute-free way. Smart contracts, thus, are not subject to single points of failure.<br>\n<br>\nAll of this makes smart contracts appealing for a number of other applications. For instance, smart contracts may be used to build a foolproof voting system that is infinitely more secure than the prevalent voting mechanism. Each voter would be able to not only cast their votes from the comfort of their homes but would also verify the outcome of the election on their own.<br>\n<br>\nSmart contracts on a blockchain may also be used to streamline business operations in an organization. As Ethereum allows different smart contracts to “communicate” with each other, a separate smart contract could be written for every operational task while conditional smart contracts could be written to facilitate a reliable back-and-forth between them. This drastically reduces the amount of human error in business operations and makes them easier, cheaper and more transparent.<br>\n<br>\nThe ability of smart contracts to interact with each other on the blockchain also makes them usable as building blocks for decentralized applications or DApps or even entire decentralized autonomous companies or DAOs. But more on that later.<br>\n<br>\nWith blockchain development still emerging from the stage of infancy, it is hard to tell how more advanced platforms crop up that enable us to build even more advanced smart contracts and DApps. But whatever the future holds, it sure does seem exciting, and for now, it all seems to revolve around blockchains and smart contracts!&nbsp;</p>\n<p><em>If the article was of any help to you, please upvote and share it.</em></p>\n</html>",
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      "body": "<html>\n<p><img src=\"https://cdn-images-1.medium.com/max/800/1*jRA_D7NbnHR_t_IRVMHZaQ.png\" width=\"560\" height=\"315\"/></p>\n<p>The concept of smart contracts was first developed around the mid-90s by legal scholar and computer scientist Nick Szabo. &nbsp;<br>\n<br>\nThe initial idea was to replace traditional contracts with reliable computer programs. These programs would execute as per the terms of the contract.<br>\n<br>\nAs a computer program cannot back out of an agreement, it was supposed to be more predictable and reliable than conventional contracts that depend entirely on human mediation. &nbsp;<br>\n<br>\nIn a smart contract, every transaction would be implemented without the interference of a third-party or middlemen.<br>\n<br>\nSimply put, a smart contract is <strong>a legal agreement in the form of a computer program that executes itself when particular conditions are met</strong>. These conditions are what all parties involved have already agreed upon. Once deployed or put into action, a smart contract <strong>cannot be interfered with</strong>.<br>\n<br>\nFor decades though, smart contracts remained hardly more than an intriguing hypothesis.<br>\n<br>\nIt was extremely difficult to write a secure, efficient program that could store the terms of an agreement, verify its outcomes and then complete the transaction without human interference.<br>\n<br>\nThat changed when blockchain technology was developed.&nbsp;</p>\n<h2><strong>Smart contracts on a</strong> <strong>blockchain</strong>&nbsp;</h2>\n<p>A blockchain can be thought of as a database (or a distributed ledger) spread across a number of computers, all of which retain a full copy.<br>\n<br>\nEach of the duplicated copies of the database are constantly synchronized and validated against each other for flaws or anomalies. &nbsp;<br>\n<br>\nIf the information in one copy of the database does not precisely match the information in all the other copies, it is considered to be compromised and is promptly replaced by the version supported by the majority.<br>\n<br>\nThe cryptographic nature of the blockchain makes it possible to write code that can enforce a predefined agreement or relationship securely and instantly. &nbsp;<br>\n<br>\n(To understand how a blockchain works, please refer to the easy-to-follow guide by Hacker Noon titled \"WTF is The Blockchain\" &nbsp;— Google it)<br>\n<br>\nSeeing how a contract may have any amount and types of clauses and conditions, creating a smart contract would require an environment that is able to handle all possible computations without fail. This is where Ethereum comes in.<br>\n<br>\nEthereum is the second most popular blockchain platform today after Bitcoin. Unlike Bitcoin though, Ethereum implements a Turing-complete programming language, Solidity, on its blockchain. This means that it is capable of expressing all tasks that can be performed on computers. &nbsp;<br>\n<br>\nMoreover, Ethereum is designed for building decentralized applications that run on the blockchain, enabling rapid development, security and interactivity while eliminating third-party interference.<br>\n<br>\nThis allows for the creation of advanced smart contracts on the blockchain that can be made to perform the most complex of tasks.<br>\n<br>\nA smart contract on a blockchain works like <strong>an executable piece of code that stores the rules for negotiating the terms of the contract, verifies outcomes to predetermined specifications and then accurately executes the agreement</strong>.<br>\n<br>\nApart from functioning as decentralized legal agreements, smart contracts can also be used for general computation on the blockchain. A smart contact can also take inputs from other smart contracts. This enables different smart contracts to work together in order to perform complex tasks.<br>\n<br>\nWith access to your history of transactions and available cryptocurrency balance, a smart contract can also automate transfer of funds between any two accounts on the blockchain.<br>\n<br>\nIn light of this, there are countless advantages to a decentralized legal agreement.<br>\n<br>\n<em>Imagine you and a stranger meet in a bar and place a bet on whether or not it would rain tomorrow. Both you and the stranger wager $10 each and entrust the bartender to hold the money till either of you wins. The bartender would then give the whole $20 to whose prediction comes true.</em><br>\n<br>\n<em>Although not a legal agreement, this example works just as fine as both you and the stranger are relying on a third party – the bartender – to carry out what you've agreed upon. The bartender, who knows none of you personally, may ask for a nominal fee from you both to carry out these duties. Let's say you pay $1 each to make the bartender keep his word.</em> &nbsp;<br>\n<br>\n<em>The next day, you win the bet and come to the bar to collect your money. Now there are many things that could go wrong here. The bartender may not show up at all or refuse to give you the</em> <em>money citing problems of his own. But let's say he gives you the money after serving his other duties. So, even in a successful transaction, you've had to trust a middleman, pay him a fee and wait for him to carry out his tasks.</em><br>\n<br>\nThat's how a conventional transaction takes place, more or less. You rely heavily on third parties and middlemen (including banks) and it costs both you and the other transacting parties (which, in a business setting, would be your customers) a little extra. &nbsp;<br>\n<br>\nHowever, with a smart contract, all you have to do is place the bet. The rest of the transaction will be not only automated but also decentralized and directly enforceable. This means that none of the parties can back out of the agreement.<br>\n<br>\nThe smart contract will store the rules and penalties of the agreement made between you and the stranger, which once deployed will be unalterable. It will then wait for tomorrow to <strong>analyze</strong> <strong>the outcome</strong> by receiving inputs from another smart contract that is built to check weather, <strong>validate the required conditions</strong> based on what has already been agreed upon and then <strong>transfer assets from one party to another</strong> based on whose bet turned out to be right. The assets here would be a cryptocurrency like bitcoins and ether rather than fiat money like the dollar.&nbsp;&nbsp;</p>\n<h2><strong>Okay but what does this mean for me?</strong>&nbsp;</h2>\n<p>Smart contracts have many real-world applications. In fact, the possibilities are endless.<br>\n<br>\nA smart contract can help you exchange units of value like money, property or shares securely and without mediation from middlemen or government agencies. &nbsp;<br>\n<br>\nBlockchain systems like Ethereum, on which smart contracts run, are undeniably faster, cheaper and much more secure that traditional systems, and operate in a transparent, dispute-free way. Smart contracts, thus, are not subject to single points of failure.<br>\n<br>\nAll of this makes smart contracts appealing for a number of other applications. For instance, smart contracts may be used to build a foolproof voting system that is infinitely more secure than the prevalent voting mechanism. Each voter would be able to not only cast their votes from the comfort of their homes but would also verify the outcome of the election on their own.<br>\n<br>\nSmart contracts on a blockchain may also be used to streamline business operations in an organization. As Ethereum allows different smart contracts to “communicate” with each other, a separate smart contract could be written for every operational task while conditional smart contracts could be written to facilitate a reliable back-and-forth between them. This drastically reduces the amount of human error in business operations and makes them easier, cheaper and more transparent.<br>\n<br>\nThe ability of smart contracts to interact with each other on the blockchain also makes them usable as building blocks for decentralized applications or DApps or even entire decentralized autonomous companies or DAOs. But more on that later.<br>\n<br>\nWith blockchain development still emerging from the stage of infancy, it is hard to tell how more advanced platforms crop up that enable us to build even more advanced smart contracts and DApps. But whatever the future holds, it sure does seem exciting, and for now, it all seems to revolve around blockchains and smart contracts!&nbsp;</p>\n<p><em>If the article was of any help to you, please upvote and share it.</em></p>\n</html>",
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      "body": "<html>\n<p>Congratulations <a href=\"/@faizanbhat\" target=\"_blank\">@faizanbhat</a>, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.</p>\n<hr>\n<div class=\"pull-left\"><img src=\"https://steemitimages.com/DQmaAdLUJ3yaSkmcmWECWyPGPWcjfbCoZ8Tu4RM6H4DbjCi/steem-network-thumbs-up.gif\" alt=\"Thumbs up for Steem Network´s strategy\" title=\"I suggest Steem Network´s strategy\" width=\"320\" height=\"222\"></div>\n<h1>The proven road to boost your personal success in this amazing Steem Network</h1>\n<p>Do you already know that awesome content will get great profits by following these <a href=\"/steem-network/@steem-network/spread-your-posts-through-this-proven-strategy-and-get-great-profits-in-return--for-posts-created-at-2018-01-10\" target=\"_blank\" alt=\"Steem Network\" title=\"Follow Steem Network´s suggestions to boost your success\">simple steps</a>, that have been worked out by experts?</p>\n</html>",
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      "body": "Good article ... a must read... :)",
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      "author": "faizanbhat",
      "body": "<html>\n<p>The concept of smart contracts was first developed around the mid-90s by legal scholar and computer scientist Nick Szabo. &nbsp;<br>\n<br>\nThe initial idea was to replace traditional contracts with reliable computer programs. These programs would execute as per the terms of the contract.<br>\n<br>\nAs a computer program cannot back out of an agreement, it was supposed to be more predictable and reliable than conventional contracts that depend entirely on human mediation. &nbsp;<br>\n<br>\nIn a smart contract, every transaction would be implemented without the interference of a third-party or middlemen.<br>\n<br>\nSimply put, a smart contract is <strong>a legal agreement in the form of a computer program that executes itself when particular conditions are met</strong>. These conditions are what all parties involved have already agreed upon. Once deployed or put into action, a smart contract <strong>cannot be interfered with</strong>.<br>\n<br>\nFor decades though, smart contracts remained hardly more than an intriguing hypothesis.<br>\n<br>\nIt was extremely difficult to write a secure, efficient program that could store the terms of an agreement, verify its outcomes and then complete the transaction without human interference.<br>\n<br>\nThat changed when blockchain technology was developed.&nbsp;</p>\n<p><strong>Smart contracts on a</strong> <strong>blockchain</strong>&nbsp;</p>\n<p>A blockchain can be thought of as a database (or a distributed ledger) spread across a number of computers, all of which retain a full copy.<br>\n<br>\nEach of the duplicated copies of the database are constantly synchronized and validated against each other for flaws or anomalies. &nbsp;<br>\n<br>\nIf the information in one copy of the database does not precisely match the information in all the other copies, it is considered to be compromised and is promptly replaced by the version supported by the majority.<br>\n<br>\nThe cryptographic nature of the blockchain makes it possible to write code that can enforce a predefined agreement or relationship securely and instantly. &nbsp;<br>\n<br>\n(To understand how a blockchain works, please refer to the easy-to-follow guide by Hacker Noon titled \"WTF is The Blockchain\" &nbsp;— Google it)<br>\n<br>\nSeeing how a contract may have any amount and types of clauses and conditions, creating a smart contract would require an environment that is able to handle all possible computations without fail. This is where Ethereum comes in.<br>\n<br>\nEthereum is the second most popular blockchain platform today after Bitcoin. Unlike Bitcoin though, Ethereum implements a Turing-complete programming language, Solidity, on its blockchain. This means that it is capable of expressing all tasks that can be performed on computers. &nbsp;<br>\n<br>\nMoreover, Ethereum is designed for building decentralized applications that run on the blockchain, enabling rapid development, security and interactivity while eliminating third-party interference.<br>\n<br>\nThis allows for the creation of advanced smart contracts on the blockchain that can be made to perform the most complex of tasks.<br>\n<br>\nA smart contract on a blockchain works like <strong>an executable piece of code that stores the rules for negotiating the terms of the contract, verifies outcomes to predetermined specifications and then accurately executes the agreement</strong>.<br>\n<br>\nApart from functioning as decentralized legal agreements, smart contracts can also be used for general computation on the blockchain. A smart contact can also take inputs from other smart contracts. This enables different smart contracts to work together in order to perform complex tasks.<br>\n<br>\nWith access to your history of transactions and available cryptocurrency balance, a smart contract can also automate transfer of funds between any two accounts on the blockchain.<br>\n<br>\nIn light of this, there are countless advantages to a decentralized legal agreement.<br>\n<br>\n<em>Imagine you and a stranger meet in a bar and place a bet on whether or not it would rain tomorrow. Both you and the stranger wager $10 each and entrust the bartender to hold the money till either of you wins. The bartender would then give the whole $20 to whose prediction comes true.</em><br>\n<br>\n<em>Although not a legal agreement, this example works just as fine as both you and the stranger are relying on a third party – the bartender – to carry out what you've agreed upon. The bartender, who knows none of you personally, may ask for a nominal fee from you both to carry out these duties. Let's say you pay $1 each to make the bartender keep his word.</em> &nbsp;<br>\n<br>\n<em>The next day, you win the bet and come to the bar to collect your money. Now there are many things that could go wrong here. The bartender may not show up at all or refuse to give you the</em> <em>money citing problems of his own. But let's say he gives you the money after serving his other duties. So, even in a successful transaction, you've had to trust a middleman, pay him a fee and wait for him to carry out his tasks.</em><br>\n<br>\nThat's how a conventional transaction takes place, more or less. You rely heavily on third parties and middlemen (including banks) and it costs both you and the other transacting parties (which, in a business setting, would be your customers) a little extra. &nbsp;<br>\n<br>\nHowever, with a smart contract, all you have to do is place the bet. The rest of the transaction will be not only automated but also decentralized and directly enforceable. This means that none of the parties can back out of the agreement.<br>\n<br>\nThe smart contract will store the rules and penalties of the agreement made between you and the stranger, which once deployed will be unalterable. It will then wait for tomorrow to <strong>analyze</strong> <strong>the outcome</strong> by receiving inputs from another smart contract that is built to check weather, <strong>validate the required conditions</strong> based on what has already been agreed upon and then <strong>transfer assets from one party to another</strong> based on whose bet turned out to be right. The assets here would be a cryptocurrency like bitcoins and ether rather than fiat money like the dollar.&nbsp;&nbsp;</p>\n<p><strong>Okay but what does this mean for me?</strong>&nbsp;</p>\n<p>Smart contracts have many real-world applications. In fact, the possibilities are endless.<br>\n<br>\nA smart contract can help you exchange units of value like money, property or shares securely and without mediation from middlemen or government agencies. &nbsp;<br>\n<br>\nBlockchain systems like Ethereum, on which smart contracts run, are undeniably faster, cheaper and much more secure that traditional systems, and operate in a transparent, dispute-free way. Smart contracts, thus, are not subject to single points of failure.<br>\n<br>\nAll of this makes smart contracts appealing for a number of other applications. For instance, smart contracts may be used to build a foolproof voting system that is infinitely more secure than the prevalent voting mechanism. Each voter would be able to not only cast their votes from the comfort of their homes but would also verify the outcome of the election on their own.<br>\n<br>\nSmart contracts on a blockchain may also be used to streamline business operations in an organization. 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      "body": "<html>\n<p>The concept of smart contracts was first developed around the mid-90s by legal scholar and computer scientist Nick Szabo. &nbsp;<br>\n <br>\nThe initial idea was to replace traditional contracts with reliable computer programs. These programs would execute as per the terms of the contract. <br>\n <br>\nAs a computer program cannot back out of an agreement, it was supposed to be more predictable and reliable than conventional contracts that depend entirely on human mediation. &nbsp;<br>\n <br>\nIn a smart contract, every transaction would be implemented without the interference of a third-party or middlemen. <br>\n <br>\nSimply put, a smart contract is <strong>a legal agreement in the form of a computer program that executes itself when particular conditions are met</strong>. These conditions are what all parties involved have already agreed upon. Once deployed or put into action, a smart contract <strong>cannot be interfered with</strong>. <br>\n <br>\nFor decades though, smart contracts remained hardly more than an intriguing hypothesis. <br>\n <br>\nIt was extremely difficult to write a secure, efficient program that could store the terms of an agreement, verify its outcomes and then complete the transaction without human interference. <br>\n <br>\nThat changed when blockchain technology was developed.&nbsp;</p>\n<p><strong>Smart contracts on a</strong> <strong>blockchain</strong>&nbsp;</p>\n<p>A blockchain can be thought of as a database (or a distributed ledger) spread across a number of computers, all of which retain a full copy. <br>\n <br>\nEach of the duplicated copies of the database are constantly synchronized and validated against each other for flaws or anomalies. &nbsp;<br>\n <br>\nIf the information in one copy of the database does not precisely match the information in all the other copies, it is considered to be compromised and is promptly replaced by the version supported by the majority. <br>\n <br>\nThe cryptographic nature of the blockchain makes it possible to write code that can enforce a predefined agreement or relationship securely and instantly. &nbsp;<br>\n <br>\n(To understand how a blockchain works, please refer to this easy-to-follow guide: <a href=\"https://hackernoon.com/wtf-is-the-blockchain-1da89ba19348\"></a>) <br>\n <br>\nSeeing how a contract may have any amount and types of clauses and conditions, creating a smart contract would require an environment that is able to handle all possible computations without fail. This is where Ethereum comes in. <br>\n <br>\nEthereum is the second most popular blockchain platform today after Bitcoin. Unlike Bitcoin though, Ethereum implements a Turing-complete programming language, Solidity, on its blockchain. This means that it is capable of expressing all tasks that can be performed on computers. &nbsp;<br>\n <br>\nMoreover, Ethereum is designed for building decentralized applications that run on the blockchain, enabling rapid development, security and interactivity while eliminating third-party interference. <br>\n <br>\nThis allows for the creation of advanced smart contracts on the blockchain that can be made to perform the most complex of tasks. <br>\n <br>\nA smart contract on a blockchain works like <strong>an executable piece of code that stores the rules for negotiating the terms of the contract, verifies outcomes to predetermined specifications and then accurately executes the agreement</strong>. <br>\n <br>\nApart from functioning as decentralized legal agreements, smart contracts can also be used for general computation on the blockchain. A smart contact can also take inputs from other smart contracts. This enables different smart contracts to work together in order to perform complex tasks. <br>\n <br>\nWith access to your history of transactions and available cryptocurrency balance, a smart contract can also automate transfer of funds between any two accounts on the blockchain. <br>\n <br>\nIn light of this, there are countless advantages to a decentralized legal agreement. <br>\n <br>\n<em>Imagine you and a stranger meet in a bar and place a bet on whether or not it would rain tomorrow. Both you and the stranger wager $10 each and entrust the bartender to hold the money till either of you wins. The bartender would then give the whole $20 to whose prediction comes true.</em> <br>\n <br>\n<em>Although not a legal agreement, this example works just as fine as both you and the stranger are relying on a third party – the bartender – to carry out what you've agreed upon. The bartender, who knows none of you personally, may ask for a nominal fee from you both to carry out these duties. Let's say you pay $1 each to make the bartender keep his word.</em> &nbsp;<br>\n <br>\n<em>The next day, you win the bet and come to the bar to collect your money. Now there are many things that could go wrong here. The bartender may not show up at all or refuse to give you the</em> <em>money citing problems of his own. But let's say he gives you the money after serving his other duties. So, even in a successful transaction, you've had to trust a middleman, pay him a fee and wait for him to carry out his tasks.</em> <br>\n <br>\nThat's how a conventional transaction takes place, more or less. You rely heavily on third parties and middlemen (including banks) and it costs both you and the other transacting parties (which, in a business setting, would be your customers) a little extra. &nbsp;<br>\n <br>\nHowever, with a smart contract, all you have to do is place the bet. The rest of the transaction will be not only automated but also decentralized and directly enforceable. This means that none of the parties can back out of the agreement. <br>\n <br>\nThe smart contract will store the rules and penalties of the agreement made between you and the stranger, which once deployed will be unalterable. It will then wait for tomorrow to <strong>analyze</strong> <strong>the outcome</strong> by receiving inputs from another smart contract that is built to check weather, <strong>validate the required conditions</strong> based on what has already been agreed upon and then <strong>transfer assets from one party to another</strong> based on whose bet turned out to be right. The assets here would be a cryptocurrency like bitcoins and ether rather than fiat money like the dollar.&nbsp;&nbsp;</p>\n<p><strong>Okay but what does this mean for me?</strong>&nbsp;</p>\n<p>Smart contracts have many real-world applications. In fact, the possibilities are endless. <br>\n <br>\nA smart contract can help you exchange units of value like money, property or shares securely and without mediation from middlemen or government agencies. &nbsp;<br>\n <br>\nBlockchain systems like Ethereum, on which smart contracts run, are undeniably faster, cheaper and much more secure that traditional systems, and operate in a transparent, dispute-free way. Smart contracts, thus, are not subject to single points of failure. <br>\n <br>\nAll of this makes smart contracts appealing for a number of other applications. For instance, smart contracts may be used to build a foolproof voting system that is infinitely more secure than the prevalent voting mechanism. Each voter would be able to not only cast their votes from the comfort of their homes but would also verify the outcome of the election on their own. <br>\n <br>\nSmart contracts on a blockchain may also be used to streamline business operations in an organization. As Ethereum allows different smart contracts to “communicate” with each other, a separate smart contract could be written for every operational task while conditional smart contracts could be written to facilitate a reliable back-and-forth between them. This drastically reduces the amount of human error in business operations and makes them easier, cheaper and more transparent. <br>\n <br>\nThe ability of smart contracts to interact with each other on the blockchain also makes them usable as building blocks for decentralized applications or DApps or even entire decentralized autonomous companies or DAOs. But more on that later. <br>\n <br>\nWith blockchain development still emerging from the stage of infancy, it is hard to tell how more advanced platforms crop up that enable us to build even more advanced smart contracts and DApps. 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