Thu 25 January 2018 | 7:00 pm - 10:00 pm
Samsung Next HQ - Aranha 17, Tel Aviv, FREE (RSVP needed)
The promise of smart contracts is that they can replace many existing contracts to be made partially or fully self-executing, self-enforcing, or both in order to provide security that is superior to traditional contract law while reducing transaction costs associated with contracting.
The problem with that of course is in examples such as DAO; the first real-world smart contract to gain mainstream coverage that was hacked and drained of 3,689,577 ETH (which were about $70M at that time, and worth a shocking $2.7B today) merely 3 weeks after it’s US$250 million crowdfunding campaign finished successfully.
As in all great things – there’s a promise and a risk at not doing it properly. In this session – you’ll (hopefully) learn the basics on how to get it right and understand the risks of getting it wrong.