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On this episode of Crypto Bits, host David Shargel is doing a crossover event with Houston partner Vince Morgan, who is the host of the Bracewell Covered podcast. They will discuss some intersections between crypto issues and insurance.
Crypto Bits hosts discuss smart contracts, a central feature of the crypto and blockchain ecosystem. Smart contracts are computer programs, or transaction protocols on blockchain, that self-execute when certain conditions are met.
Bitcoin what we're mining and now industry is going to collapse down into only bitcoin, is cryptocurrency that is mined using proof of work mechanism. At a high level the use of energy that passes through now purpose-built computer processors distributed and decentralized.