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0 pointsZenoArrow10y ago0 comments

Assuming you meant contract, I'd say it was a formal agreement between two or more parties. Will that do?

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iMark10y ago· 1 in thread

Not really, no.

I actually have a decent understanding of what's involved regarding Ethereum, but assume for a moment that I don't.

Statements like "a formal agreement between two or more parties" are of little use to someone starting from ground zero.

ZenoArrowOP10y ago

I can try to put it in plain English if you think it'll be confusing to a newcomer.

Before I try, let's explore how Ethereum is described by those who develop it. The home page seems as good a place as any.

https://www.ethereum.org/

Here's what the first paragraph on the homepage describes Ethereum as...

"Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference."

So even the Ethereum developers describe the core use as contracts. It doesn't strike me as a controversial idea.

How would you describe Ethereum?

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