Qtum has announced the launch of its mainnet, Ignition, a groundbreaking blockchain platform which provides the first decentralized governance protocol and proof - of - stake consensus
mechanism for smart contracts.
Qtum is a platform providing the first Decentralized Governance Protocol and Proof - of - Stake consensus
mechanism for smart contracts.
Draper's investments in the nascent sector have so far included a self - governing blockchain project (Tezos), a liquidity
mechanism for smart contracts (Bancor) and a decentralized tool for fighting email spam (Credo).
Not exact matches
According to the whitepaper, the Bancor protocol enables built - in price discovery and a liquidity
mechanism for tokens on
smart contract blockchains.
A blockchain - based registration system and
smart contracts mechanism allow
for harmonised regulations and standards.
The Lightning Network expands on the Bitcoin Blockchain's basic transaction functionality by providing a means
for users to execute
smart contracts on the blockchain itself, providing
for a
mechanism for users to establish near - instant micropayments without the need to offload transactions to a custodian, which makes small payments impractical because the fees might be more expensive than the transaction itself.
It should be noted that the announcement and delivery of Apla was preceded by several years of hard work with the eGaaS platform: the development of a proprietary protocol, creation of a language
for smart contracts, a multi-level system of access control to different elements of apps, the design of a language
for the creation of secure interfaces, as well as the introduction of «
smart laws», governing the work of all systems and
mechanisms inside of the blockchain platform.
«I should note that our projects including Hyperledger Indy (
for identity), Hyperledger Burrow (
for smart contracts), Hyperledger Quilt (
for interoperability) and Hyperledger Composer and Cello (developer tools) are agnostic about consensus
mechanisms and would work fine with permissionless approaches,» he added.
Tierion Network Tokens, an ERC20
smart contract token is used as a payment
mechanism for services on the network, and as an economic incentive to maintain the network's uptime and reliability.
Another important aspect of NEO's
mechanism is that it can be staked to produce another cryptocurrency that helps to fuel the platform as well as to pay
for the deployment of
smart contracts and computation within the network.
Bancor (BNT)-- The Bancor protocol enables built - in price discovery and a liquidity
mechanism for tokens on
smart contract blockchains.
Although promising, Hinkes believes that
smart contracts that rely on oracles face a number of developmental roadblocks including the need
for reliable and trusted oracle technology, dispute resolution
mechanisms, and adjustment of businesses to radically new processes.