Almost 10 years ago, Satoshi Nakamoto published a paper titled: “Bitcoin: A Peer-to-Peer Electronic Cash System”. The idea of Bitcoin was born but back then you would have been called delusional if you thought an entire asset market worth twelve digit USD figures would emerge from that.

What started with BTC, was soon complemented with other assets. At first, there were mostly just renamed Bitcoin forks but later new protocols with different natures were designed and even virtual tokens were created on top of smart contract platforms. It would, however, be extremely naive to think that we have already discovered the entire spectrum of assets in this still very young market.

“Tokenized Smart Contracts” (TSCs), which, to be honest, sounds like a weird word mix-up, could be exactly such a new asset. In this article, I will do my very best to describe the concept behind these strange, not yet existing tokens and what value they could provide to the world of cryptocurrency.