Agoric: Abbreviated Introduction
The blockchain ecosystem is experiencing a shortage of developers, and companies are looking for ways to attract them. A unique approach that could help alleviate this issue is to rely on JavaScript, a very popular programming language. Agoric is one such project that supports JavaScript and thus is uniquely positioned to tap into the market of millions of JavaScript developers.
Agoric offers developers the option to build smart contracts in JavaScript and employs the Tendermint consensus mechanism. Its ecosystem includes the following elements:
● The tech stack comprising four endpoints and three protocols
● The IST token
● The BLD token
● The BLDer DAO
● Object-Capability security
● The Inter Protocol and its products
The network’s native tokens, $BLD and $IST, provide several utilities to the holders. $BLD’s supply is finite, and the token is expected to be inflationary for the first three years. $IST is a decentralized stable token.
The project is located in the United States, a country with the most significant number of crypto investors, trading platforms, exchanges, investment funds, and crypto mining firms.
The project’s executive team has a technical and managerial background. Partnerships and industry-leading backers further strengthen the team. The project has launched its Mainnet. There are several additional milestones planned to be reached over time. It will be interesting to see how Agoric penetrates the highly competitive smart-contract platforms market.
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