Have you ever checked the new groundbraking tool that bring to you with #MassaLabs ? I am talking about Autonomous Smart Contracts (ASC).
Most decentralized applications need to be regularly updated to function properly. For instance, lending protocols need to liquidate under-collateralized positions. Current blockchains rely on centralized systems to automate smart-contracts (cloud infrastructure, network of bot operators).
Massaâs autonomous smart-contracts reduce the need for bots and human interaction and pushes the boundaries of decentralization.
Key benefits of Autonomous Smart Contracts include:
1. Automated execution: They can self-execute based on predefined conditions or timers, enabling truly autonomous operation.
2. Event-driven functionality: They can react to both on-chain and off-chain events, allowing for more complex and responsive smart contract behavior.
3. Reduced reliance on external entities: By minimizing the need for manual intervention or centralized intermediaries, ASCs enhance the decentralization and security of blockchain applications.
4. Cross-chain compatibility: They can facilitate seamless interactions between different blockchain networks, paving the way for a more interconnected and interoperable ecosystem.
Please follow official #MassaLabs twitter account and join official discord for more! #smartcontracts #Massanetwork