Bitcoin Smart Contract ‘Federation’ to Launch With 25 Startups
Bitcoin smart contracts are getting their own cooperative. Announced today, a group of international bitcoin companies have signed a letter of intent to form a federation that would find them supporting and contributing to the development of a smart contracts platform that would utilize the bitcoin blockchain. Unveiled today, the RSK Federation is built around the RSK smart contract network created by Buenos Aires-based startup Rootstock. Rootstock co-founder and CEO Diego Gutiérrez Zaldívar described the federation to CoinDesk as "a huge signal from the bitcoin ecosystem" and a....
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Following the production launch of the smart contract platform Ethereum, the industry is set to become a more active hotbed for experimentation. However, Ethereum isn't the only innovator in this area of the blockchain space. CoinDesk Research's 'Smart Contracts' report takes a deeper dive into the subject, moving past the hype to provide readers with a comprehensive overview of how the technology is being shaped by today's innovators and explored by enterprise businesses. The 28-page offering explores the concept from its early formations more than a decade ago, while providing insight....
No, smart contracts will not rid the world of lawyers, despite the greatest efforts of blockchain innovators. At least, that's according to Nick Szabo, the man widely credited with inventing the smart contract concept itself. During the keynote address at the Smart Contracts Symposium at Microsoft's New York headquarters this week, Szabo gave an update on the industry he helped create – a talk that was followed by a string of commenters from smart contract startups. Addressing a group of about 250 people (comprised largely of members of the blockchain trade association, the Chamber of....
Solidity and EVM make smart contracts available to every developer out there, regardless of experience. This is a good way to boost innovation in the smart contract space, but may not yield the best results in the initial stages. The recent debacle surrounding The DAO has shed an interesting spotlight on smart contract technology. Since individual developers wrote the entire concept of this project, it looks like smart contracts are not completely trustless. There is still a lot of work to be done before this technology is ready for mainstream adoption. Not everyone is capable of – or....
In 2021, many smart contract platforms competed for users’ attention and attempted to be the next Ethereum killer. The terms DeFi, GameFi, and NFT, have been all over the media lately, and any of these would not be possible without smart contracts. As more smart contract platforms are introduced, it becomes hard for newcomers to […]
The life cycle of smart contract development involves crucial steps: create, freeze, execute and finalize. Can a smart contract be destroyed?Yes, smart contracts can be destroyed using the selfdestruct function.Ethereum smart contracts provide a selfdestruct function that allows them to destroy a contract on the blockchain system. It is, however, a two-edged sword for developers. On the one hand, the selfdestruct function allows developers to delete smart contracts from Ethereum and transfer Ether in the event of an emergency, such as an attack. On the other hand, this function might add....