IOHK Launches Second Smart Contract For Cardano
The Input Output (IOHK) technology company, previously known to be innovative in the crypto world, just released its second Smart Contract on July 30, 2018. The contract is titled IELE and offers a secure financial infrastructure in the form of virtual machines, to execute Smart Contracts on Blockchain Cardano . In addition, developers will have the opportunity to fully explore Smart Contract technology and provide feedback to IOHK.
advertisement
New Virtual Machine for Smart Contract
Basically, IELE is a virtual machine that uses Solidity programming language. This machine can execute contracts based on Blockchain Cardano automatically. The IOHK Company uses Runtime Verification technology, and develops projects equipped with funding services.
"Developers will have much better security and performance with the Smart Contract at Cardano, thanks to our collaboration with Runtime Verification, we are pleased to introduce this technology so that everyone will benefit when Blockchain has evolved optimally.Our product is reliable as a trusted infrastructure , without fear of bugs or defects, "said Charles Hoskinson, CEO of IOHK and co-founder of Ethereum.
Second Smart Contract Test
Smart Contracts have the same goals as traditional contracts in terms of stipulating agreement terms. However, the contract is labeled "smart" because it can take action. Earlier, on May 29 it was reported that the launch of Cardano's first Smart Contract, KEVM TestNet, was a success. On that very day, IOHK revealed plans for a second Cardano TestNet, the IELE.
The IOHK Company states that IELE will allow its developers the flexibility to create, assemble and run Smart Contracts with higher security and performance standards than KEVM TestNet. Currently, IELE's TestNet serves as a low-level common platform that can translate and run Smart Contracts from a programming language. In the meantime, IELE supports the Solidity programming language, and continues to be developed to be used by more languages.
https://www.seputarforex.com/iohk-luncurkan-smart-contract-kedua-untuk-cardano-284727-15