Chain Reveals 'Ivy' Smart Contract Language in First Public Demo
The 'Wild West' of smart contracts is about to get a little wilder. Following the first-ever public demo of enterprise blockchain company Chain's in-house smart contracts language this week, the venture-backed startup is now preparing to release the technology to the public. However, in an exclusive demo of the technology with CoinDesk, the person in charge of creating the language gave a sneak peak at the company's latest creation, explaining, too, what he envisions as its ideal application. Product architect Dan Robinson told CoinDesk: "Ivy is particularly useful and well-suited for....
Related News
Distributed derivatives platform Velocity went live this week with a product demo version. The “simple” smart contract invites users to speculate on price for Ethereum’s native token ether. Velocity Making ‘Financial Building Blocks’. Velocity‘s aim is to provide a blockchain-based smart contract alternative to existing derivatives, built on Ethereum. The demo version currently runs on Ethereum’s testnet. Chief architect Vignesh Sundaresan indicated where the financial industry could use his products: “Derivatives are financial building blocks if you think about it. They are everywhere....
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 choose which is right for them. This article will examine some of the most popular smart contract platforms and share our hands-on experience with them. Ethereum Token: ETH TPS: 10 Ethereum is the world’s first smart contract platform. Developers create....
Digital Asset Holdings announced its recent acquisition of the technology firm Elevence, a company which has created a language that executes a different kind of contract protocol. The Elevence team is made up of computer scientists and financial experts whose technology “compliments” Digital Asset’s existing software. Digital Asset Holdings’....
Over the last year, the concept of a "smart contract" has received renewed attention in legal and business circles. Advancements in blockchain technology have led some to believe that smart contracts could soon offer alternatives to traditional commercial and financial agreements, with dire results for the legal and financial sectors. While this enthusiasm may be premature, the legal profession nonetheless remains mostly unaware of this important emerging technology and the long-term implications for their profession. In this context, "smart contract"....
Lost in our 'pie-in-the-sky' projections on the future of blockchains is the most important concern anyone should have on the technology: What are the opportunity costs? Nowhere is that more pronounced in the current debates then in the case of the "smart contract". While I believe that smart contracts will provide a number of efficiencies in our blockchain future, there's one category of smart contracts that I'm most skeptical of – that of the recently popular "Turing complete" smart contract. All smart contract platforms in use today fall into roughly two broad....