Nick Szabo is the one who invented smart contracts

in cryptocurrency •  10 months ago

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While investigating the true identity behind bitcoin's elusive creator Satoshi Nakamoto, financial writer Dominic Frisby singled out Nick Szabo as the only suitable candidate.

Nick Szabo is the one who invented smart contracts. Back in 2001, he published an essay, in which he provided reasoning as to why trusted third parties make a protocol insecure. Each time another major centralized exchange gets hacked, Szabo's words are proved right.

Apart from translating the article into Russian, we also decided to publish it in English and fix broken links.

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