While Bitcoin is commonly associated with money, it also has a lesser-known but equally important use case — smart contracts. Smart contracts form the foundation of Bitcoin and were first proposed by Nick Szabo in 1995. They are computer protocols designed to execute, verify or enforce contract negotiations or executions, essentially acting as a contract rather than code. Smart contracts enable trusted transactions without third parties and can facilitate self-executing agreements without central authority intervention, providing a safer and more convenient alternative to traditional contracts.

BiHelix team was well represented in Bangkok, Thailand at one of the longest-running crypto industry event of the year in Asia – DEVCON. The weather might seem hot and dry on most of the days, but the electric atmosphere, energized projects and enthusiastic crowds were hard not to spot. Bangkok also hosted Thailand Blockchain Week, WOW Summit and ETH Global in the month of November.