Ethereum pioneers’ new “time machine” makes transactions conditional on future events. 👌
The new platform, called the “Ethereum Time Machine,” expands the programmability of Ethereum by allowing smart contracts to execute transactions based on uncertain or uncertain future events.
Ethereum, a blockchain that is fundamental to its programmability and vast ecosystem of layer 2 networks, is getting a new dimension: time.
Smart Transactions (STXN), a new project from Vlad Zamfir, who pioneered Ethereum’s proof-of-stake blockchain system, on Wednesday released a platform that will enable applications to execute transactions based on future events.
The new platform, called the “Ethereum Time Machine,” expands the programmability of the blockchain by allowing smart contracts to execute transactions based on uncertain or uncertain future events.
“For example, a user can condition a trade to be executed on a specific day and time based on a set of prerequisites,” the STXN team wrote in a press release shared with CoinDesk. “These prerequisites can be absolute, such as the dollar value of a particular asset, or relative — for example, whether one asset is worth more than another. The potential permutations are virtually limitless, greatly increasing the dynamism of the largest blockchain for developers.” The statement comes after STXN announced in July that it would partner with Consensys, a major Ethereum developer, on research that would complement smart transactions — a feature enabled by Consensys’ Metamask wallets.
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