Pre-Dev-Update Thread! Yay! :D

[Sascha]

@dirvine

Some will call it smart contract but we are keeping it simple for now.

Below are quotes from a while back that made sense to me.

@mav

I’ve renamed this topic from Smart Contract to Verification Logic, even the ethereum book says

In the 1990s, cryptographer Nick Szabo coined the term and defined it as “a set of promises, specified in digital form, including protocols within which the parties perform on the other promises.” … In the context of Ethereum, the term is actually a bit of a misnomer , given that Ethereum smart contracts are neither smart nor legal contracts, but the term has stuck.

@mav

signature verification is literally and directly a subset of the more general ‘verification logic’ (or smart contract) system.