Agoric is a smart contract platform on Cosmos, allowing the development of decentralized DApps using JavaScript with an integrated DeFi ecosystem.
Agoric leverages the Tendermint PoS consensus mechanism, integrating real-world data and providing a professional development toolkit to promote the creation of utility blockchain applications and multi-chain connectivity.
MAIN CONTENT
Agoric supports JavaScript smart contracts with a secure runtime environment and DeFi primitives.
The project possesses a professional UI development toolkit, integrating On-chain and Off-chain data through Chainlink.
BLD Token plays a role in coordinating, staking, and governing the Agoric economy within the Cosmos ecosystem.
What is Agoric?
Agoric is a platform for building smart contracts on Cosmos, using the Tendermint Proof-of-Stake (PoS) consensus mechanism to secure the network. The platform allows developers to create DApps using JavaScript — a popular language in Web2 development — simplifying the development process and expanding the ecosystem.
What is special about Agoric is its built-in DeFi primitives and support for stablecoins, facilitating economic transactions within the network while promoting a healthy and sustainable public ecosystem.
What are the highlights of the project?
Agoric provides many key products and services to enhance the development experience and operation of smart contracts.
What are the main products of Agoric?
Agoric deploys a specific suite of products including ERTP, Zoe, and the Agoric VM (Swingset) to accelerate the creation and management of digital assets.
ERTP standardizes the creation and exchange of digital assets, fungible or non-fungible. Zoe acts as a digital asset trading service, helping users interact with dApps with controlled risk. The Agoric virtual machine uses a secure JavaScript execution environment, allowing smart contracts and front-end interfaces to use a single language, optimizing consistency and developer experience.
Agoric expands development capabilities by allowing the writing of smart contracts and UI in JavaScript, creating consistency across the entire blockchain application stack.
Dean Tribble – CEO of Agoric, 2023
The Agoric platform is built independently on-chain within the Cosmos network, using the Tendermint consensus engine, which helps secure and scale the network effectively, alongside interoperability through IBC.
How does Agoric provide real-time data?
Agoric integrates both On-chain and Off-chain data systems to support smart contracts operating accurately and reliably.
Price data and events are provided through a user-friendly API, while the on-chain oracle network from Agoric and Chainlink integration allows for off-chain data retrieval. This creates a solid foundation for applications requiring timely and secure market data.
What UI tools and utilities has Agoric developed?
Agoric provides many UI components along with a complete toolkit to develop user interfaces for dApps.
Agoric's UI widget supports displaying wallet information and the number of Tokens related to ERTP. Notifiers help update wallet status and real-time timelines for the interface. Additionally, the React Dapps library creates a smooth and user-friendly experience, providing a user interface advantage for developers.
What competitive advantages does Agoric have?
Agoric is built on an open-source foundation with the goal of developing a cooperative public economy, quickly creating secure smart contracts using available templates.
The project allows developers and users to interact quickly, saving time through a set of template contracts and reusable dApps. Easy connectivity with Ethereum via the Gravity bridge and Chainlink oracle integration allows applications to launch in a data-rich environment, while IBC helps connect native chains within the Cosmos ecosystem to expand interoperability.
What is the basic information about Agoric Token?
BLD is the native utility Token of Agoric, operating on Cosmos Hub. This Token performs core functions in the ecosystem, including staking, governance, and supporting chain security.
What is the utility of BLD Token?
BLD plays a central role in the Agoric economy by encouraging staking and decentralized governance. Fees on the network are paid in RUN, a Token generated within the underlying economic flow that supports chain security through staking.
BLD holders have the right to vote on important network improvements. Additionally, staking rewards provide liquidity for investors, aimed at developing a long-term and sustainable ecosystem.
How is the allocation and roadmap of BLD Token?
The project has not yet announced detailed Token allocation, and updates on the roadmap are still pending official announcements. New information will be updated when the project makes more data public.
Who are the development team and investors of Agoric?
Who is behind Agoric?
The Agoric team consists of experienced experts in software development and smart contracts. CEO Dean Tribble is a co-designer of the first smart contract process and a lead architect at Microsoft.
Chief Scientist Mark S. Miller is the inventor of the Agoric platform, with significant contributions in the EcmaScript community and distributed computing. COO Michael Jablon has over 25 years of experience in technology leadership positions, previously leading projects with millions of users and billion-dollar revenues.
Who are the investors and strategic partners?
Agoric has received support from many reputable investors such as Polychain Capital, Ripple’s Xpring, Rockaway Blockchain Fund, Interchain Foundation, and other major funds in the cryptocurrency and blockchain sector.
The project's key technology partners include Chainlink (the leading oracle network), IBC (Inter-Blockchain Communication Protocol), MetaMask… to enhance connectivity and develop a sustainable ecosystem.
Summary
Agoric is deploying a smart contract platform with JavaScript, possessing an integrated DeFi ecosystem, utility Token BLD, along with an experienced team and major partners. The project aims to expand the capabilities of dApp development, multi-chain integration, and promote a modern public economy, deserving careful consideration before investment.
Frequently Asked Questions
On which blockchain platform does Agoric operate?
Agoric builds on Cosmos Hub, using the Tendermint Proof-of-Stake consensus mechanism, which helps the network secure and scale effectively.
What is the use of BLD Token in the Agoric ecosystem?
BLD plays a role in staking, governance, and paying fees to maintain network security, allowing holders to participate in project governance voting.
What is the programming language for smart contracts on Agoric?
Agoric uses JavaScript, allowing developers to write contracts and front-end interfaces in a popular and user-friendly language.
Does Agoric integrate off-chain data?
Yes, Agoric connects Off-chain data through the Chainlink oracle network, allowing dApps to access a variety of real-world market data.
Who is the CEO and Chief Scientist of Agoric?
Dean Tribble is the CEO and smart contract architect; Mark S. Miller is the Chief Scientist, a pioneer in secure distributed computing.
Source: https://tintucbitcoin.com/agoric-bld-la-gi/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
