From 21aecf5f4dfcbde80d52a029f2cd185ea5c99b73 Mon Sep 17 00:00:00 2001 From: John <34422787+D3vJohn@users.noreply.github.com> Date: Wed, 9 Mar 2022 12:51:22 +0200 Subject: [PATCH] Update overview.md Updated and improved the language. --- docs/smart-contracts/overview.md | 12 ++++++------ 1 file changed, 6 insertions(+), 6 deletions(-) diff --git a/docs/smart-contracts/overview.md b/docs/smart-contracts/overview.md index dfb9499cb7..0bd282ad23 100644 --- a/docs/smart-contracts/overview.md +++ b/docs/smart-contracts/overview.md @@ -10,18 +10,18 @@ image: ./img/og-developer-portal.png ![Smart Contracts](../../static/img/card-smart-contracts-title.svg) ## What are smart contracts? -Smart contracts are automated digital agreements that are programmed. They are self-executing, incorruptible, and unalterable. They do not require any actions or the presence of third parties. +Smart contracts are pre-programmed, automatic digital agreements. They are self-executing, unalterable, and incorruptible. They don't necessitate any acts or the presence of others. ## Two worlds of smart contracts We can break smart contracts and financial transactions down into two worlds: -In one world, you want to send some notion of value between one actor (or group of actors) to another actor (or a group of actors). There has to be a representation of that value, the terms and conditions behind it, and an event to trigger it. This is what we call a financial contract and best implemented with a domain-specific language. This world has nothing to do with replacing a big company or this common notion that we might have with dapps. +In one world, you wish to communicate a sense of worth from one actor (or group of actors) to another (or a group of actors). There must be a representation of that value, as well as the rules and circumstances that govern it, as well as a trigger event. A financial contract is what we call it, and it's best done with a domain-specific language. This world has nothing to do with replacing a big company or this common notion that we might have with dapps. -In the other world, you want to write programs, maybe even replace a large company, perhaps solve something smaller. Those applications consist of a triangle: +In another world, you'd like to build programs, possibly even replace a major corporation, or address a smaller problem. A triangle is formed by these applications: -- The client - this is what runs on your computer. -- The server - this is what runs on someone's server (or multiple servers). -- The smart contract - the piece of the code that actually runs decentralized. +- The client is the portion of the program that runs on your computer. +- A server is a computer that operates on someone else's computer (or multiple servers). +- The smart contract is a piece of code that allows a decentralized system to operate. ## Programming languages - [Marlowe](marlowe) - a domain-specific language, it covers the world of financial contracts.