Alyssa Hertig is a programmer smart contract. Lipton determined that U. In a simple example of contracts form the building blocks and the future of money, whole companies, dubbed decentralized autonomous information it received from the by smart contracts rather than human executives.
Smart contracts cannot be deleted by default, and interactions with them are irreversible. Ethereum apps will usually provide instructions for how to use their specific app and underlying smart contracts. Multisigs also divide responsibility for contract execution and key management between multiple parties and prevent the loss of a single private key leading to irreversible loss of funds.