Sunday reading. How Waves smart contracts will be working in Tradingene platform
The first iteration of Waves smart contracts just has been activated on Waves’ TestNet. It has been announced at Friday, 04th of May.
Waves’ initial release will allow the community to test non-Turing complete contracts, which will enable various account controls and other functionality.
After a series of high-profile problems with Ethereum’s smart contracts, Waves has taken a carefully-considered approach to implementation, with phased rollout, predictable computational overheads and fixed fees.
Only when these features have been thoroughly tested and activated on the main net will fully Turing-complete contracts follow.
Smart contract functionality will be activated in May, pending approval of the new code by miners under the Waves Feature Activation Protocol.
Tradingene, the new ready-to-use Blockchain-based platform that allows investing in trading algorithms, will be one of the first projects to implement Waves’ smart contracts.
Tradingene smart contracts effectively manage the relationship between creators and investors throughout the auction process and the investment period. The contracts also allow TNG token holders and algorithm creators to agree upon success fees and other criteria of auctioned algorithms.
https://medium.com/@tradingene/sunday-reading-how-waves-smart-contracts-will-be-working-in-tradingene-platform-bd99485838f8
