"Next-generation" cryptocurrency Zilliqa has announced the launch of smart contracts on its platform.
In an announcement sent to CoinDesk, Zilliqa president and chief scientific officer Amrit Kumar said passing the "Milestone" means the project has "Developed the technology we envisioned two years ago, and now, we are open for business."
Following the launch, developers will now be able to write and deploy smart contracts on the Zilliqa blockchain with the project's functional smart contract language, Scilla.
"With this, we've come to realise our vision of a better smart contract language, one built with greater security guarantees at the language level," claimed Kumar.
The team claimed in its white paper in 2017 that "At ethereum's present network size of 30,000 miners, Zilliqa would expect to process about [1,000] times the transaction rates of ethereum."
Over the last six months, Zilliqa has passed other milestones, launching its mainnet and enabling transactions, Kumar said.
According to CoinMarketCap data, its zilliqa token passed the $1 billion market cap threshold last May. At press time, that stands at around $1.9 billion.
Among the core features offered by Zilliqa's smart contracts, Kumar listed that they are amenable to formal verification and come with a suite of static analyzers that help spot potential bugs and issues in contracts.
Further, the Scilla language is designed to handle different operational components, such as computation and communication with other contracts, in a "Clean manner," eliminating complex interleaving.
"This can prevent incidents like the DAO and the Parity hacks," Kumar said.
Zilliqa Passes 'Milestone' With Addition of Smart Contracts to Its Blockchain
에 게시 됨 Jun 10, 2019
by Coindesk | 에 게시 됨 Coinage
Coinage
최근 뉴스
모두보기
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.