ethod of trusting our online counterparties so we pay fees to financial institutions who enforce that trust.</p>
<p>Ethereum leverages the same principles that create 'digital trust' within Bitcoin, and applies to them to smart contracts, self-executing pieces of code that execute business logic after some predefined conditions are met. Smart contracts look a lot like financial contracts in that they escrow funds and transfer them around in response to certain events. This system is superior because the enc