Exercise 3 · 14 min

Active Contract Set & UTXO State Model

Time: 20 to 30 minutes · You'll need: paper or a spreadsheet with four columns · Builds on: Lesson 3

Warm-up

Check yourself

The issuer is the signatory and the owner the observer of a `SimpleIou`. Bob transfers his IOU to Dana. Whose ACS holds the new IOU?

Check yourself

Which of these leaves a contract active?

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