What you need to know about disguised smart contracts


At the last conference Scaling Bitcoin at Stanford, which was held in November 2017, the head of research at Blockstream Andrew Poelstra described the concept of “ascriptive scripts”, which will unload the bitcoin blockchain, removing the smart contracts and performing them on the principle of (almost) ordinary transactions. How this will work, versed in our material.


The concept of smart contracts that commit the transaction subject to certain conditions, was first described by the famous cryptographer and computer science researcher Nick Szabo in 1994. Subsequently, with the advent of cryptocurrencies, his ideas were modified and developed into a working system, and the most popular implementation platform smart contracts on Ethereum remains today.

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