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Smart Contracts

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Centralized marketplaces have some well-known issues which are almost all related to trust. It is incredible that marketplaces like eBay do work. We trust a complete stranger our money before he has sent any wished goods. People who have lost faith in humanity might be wrong.
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The Internet is a fundamentally decentralized system that links billions of interconnected devices to improve communication, access to information, and economic possibilities for billions of people across the globe.
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Many compare the emergence of the blockchain to the arrival of the internet, and anticipate a corresponding transformation in communications, business, and individual freedoms.
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Ethereum is a platform for decentralized and truthful applications that run on a global, peer-to-peer network without any administrators or a single point of failure. These applications have zero downtime and anyone can create them: it is permissionless innovation.
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Ethereum can be thought of as a transaction based state machine, where transactions can change the state and the state keeps track of interactions. Here we examine at a high level, the constituents of a transaction and explain how most of the gibberish hex values are determined.
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Swift developments in the emerging field of blockchain technology have facilitated the birth of ‘smart contracts’: computerised transaction protocols which autonomously execute the terms of a contract.
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Emission Trading Scheme (ETS) has dual aims to reduce emission production and stimulate adoption of long-term abatement technology. Whilst it has generally achieved its first aim, its issues are hindering the accomplishment of the second.
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