Crypto Briefing: Agoric is backed by highly-experienced engineers who helped work on some of the very first smart contracts long before blockchain technology existed.
Like many of the competitors found in this guide, Agoric is building improvements that Ethereum failed to adopt. Founder Dean Tribble told Crypto Briefing:
“We love Ethereum, which has had enormous success in combining the power of smart contracts with the integrity of blockchain execution. However, some of its strengths for early growth are real issues for large-scale, mainstream adoption, in particular with security: we believe existing security models don’t satisfactorily prevent theft of data or money.“
Agoric plans to solve this security issue by making the programming language as easy to deploy and audit as possible.
The project’s current iteration, called Zoe, offers yet another degree of safety. This framework helps users and developers ensure that they are receiving the goods or services they paid for when interacting with a smart contract. It is like a waiting room for blockchain transactions. Users send their “offer” for a specified transaction to this waiting room. Only once the conditions of this transaction are met, do the funds get released.
Concluding, Agoric’s value proposition is that the top smart contract platforms should be easy to build for most developers. After that, developments are focused on maintaining security throughout a contract’s operations.
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