

“smart contracts use three technologies in bitcoin. One is multisignature technology. Another is timelock: CheckLockTimeVerify and CheckSequenceVerify—mostly CheckSequenceVerify, which is relative time from the previous transaction. And finally a new invention called Hashed Timelock Contracts or HTLC, which is a way to forward a promise that can only be unlocked by a secret. These are smart contracts using bitcoin.”
― The Internet of Money Volume Two
― The Internet of Money Volume Two

“When you’re thinking about a killer app, it’s not simply the set of applications that might be implemented. It’s also about what can be implemented with what you have today. What requires the least infrastructure investment? What requires the least density of users and yet provides a viable solution to a real problem?”
― The Internet of Money Volume Two
― The Internet of Money Volume Two
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Take a look at Nuno’s Year in Books, including some fun facts about their reading.
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