This article was first published on IOTA - Medium
A Platform for Scalable, Feeless and Flexible Smart Contracts
In this article, we present our state-of-the-art implementation of the IOTA Smart Contract Protocol (ISCP), the first scalable, feeless and flexible implementation of smart contracts on the IOTA network. In this release, we share three PoC smart contracts developed by the IOTA Foundation to demo the early capabilities of the platform. We are also making available a set of tools for developers to explore our smart contract functionality.
We are introducing IOTA Smart Contracts as a technological development, so we will concentrate on underlying technical concepts, architecture, and properties.
We will expand the discussion in future posts to present specific use cases and market potential of smart contracts and digital assets. We will continue to work on extended functionality and the stability of the software in the following months, making it fully mature for production and the needs of the market. For a primer on IOTA Smart contracts, read our blog post introduction to IOTA Smart Contracts.
Pre-Alpha Available Today!
As of today, the IOTA Smart Contracts Pre-alpha is available to try! Using an early set of building blocks, developers can begin to explore the capabilities of the IOTA Smart Contracts Protocol as we continue to build out the functionality for a full release in the months ahead.
For those of you that are just joining us, IOTA Smart Contracts are a flexible and feeless implementation of smart contract functionality on a distributed, DAG based UTXO ledger. This is done by creating committees that verify smart contracts and guarantee their consistency and immutability on the IOTA distributed ledger.
Due to their feeless and flexible design, our smart contracts will be ideal for enterprise applications and real-world use cases by organizations all over the world — a big step forward for our industry. We also ...
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IOTA - Medium