Zilliqa, a popular altcoin project based in Singapore, has just announced the launch of smart contracts on its own blockchain, states the official announcement that was shared with iHodl.
From now on, developers can write and deploy smart contracts on the altcoin's blockchain using Scilla, its smart contract language.
Core features of Zilliqa smart contracts include:
- Amenable to formal verification: Scilla is designed to achieve both expressivity and tractability at the same time, while enabling formal reasoning about contract behavior.
- Static analyzers suite: The language comes with a suite of static analyzers that check for potential bugs and issues in the contract. These are very helpful in detecting bugs in contracts before they go live.
- Clean separation: The language is designed in a way that different operational components such as computation and communication (with other contracts) are handled in a very clean manner hence eliminating any complex interleaving. This can prevent incidents like the DAO and the Parity hacks.
- Safe standard libraries: Scilla comes equipped with a suite of standard libraries such as a library that performs arithmetic operations in a safe manner and hence eliminating the need to rely on external libraries such as OpenZeppelin.
The startup introduces itself as an alternative to traditional blockchains. According to Zilliqa, its aim is to solve the scalability problem, an issue that affects most known blockchains, with the help of sharding, an efficiency-boosting technique.
Zilliqa has made several headlines recently after launching its own blockchain back in January and enabling transactions on it.
At press time, Zilliqa ranks 44th in CoinMarketCap's classification and its token is valued at $0.022.
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