Integration with the Microsoft Azure cloud platform and a special extension for Visual Studio Code will make it easier for developers to create and work with smart contracts .
Waves, an open source global blockchain platform, has released an update that includes two kinds of its own smart contracts: smart accounts and smart assets. Waves is hosted in the Microsoft Azure cloud and new functionality is already available to developers on the Azure Marketplace site. Two new virtual machine templates in Azure will allow you to deploy new features in both public and private blockchains.
“Unlike similar solutions, Waves Turing-Incomplete Smart Contracts have enhanced security and vulnerability protection due to the limited functionality provided to avoid unwanted usage scenarios, ” said Alexander Ivanov , founder and CEO of Waves Platform.
A special extension for the Microsoft Visual Studio Code editor will make it easier for developers to create smart accounts and smart assets and allow them to do this in full integration with the Microsoft Azure cloud. I am sure that users will appreciate the variety of opportunities opening before them. ”
The functionality of Waves smart contracts can be used in various cases and can be useful for both business and individual users. Waves provides the ability to implement smart contracts in business processes, ensuring their transparency and security. For example, according to the developers of Waves, the use of smart contracts for tasks in the field of supply chain management and legal processes will allow companies to save up to 30% of the working time of employees. Other possible areas of use may be coordination of documentation, organization of internal calculations, submission of reports, etc.
Waves smart accounts can be used in various processes where it is necessary to ensure that parties perform certain actions without intermediaries. Their functionality allows you to implement multi-signature accounts, atomic swaps, two-factor authentication, data oracles, etc. For example, multi-signature smart accounts provide a much higher degree of transaction security, since require the approval of two or more users.
In turn, Waves' smart assets allow you to apply scripts to tokens. At the implementation of each new smart asset transaction, it will be confirmed first by the script, and only then get into the blockchain . Scripts can be used to freeze a token and prohibit it from being sent until a certain blockchain height is reached, white / blacklisted to send an asset to certain addresses, control asset pairs, etc. Smart assets can be used, for example, in the gaming industry to tokenize various items. They will establish certain conditions for the use of digital objects within the game.
Also released the Waves Keeper extension for the Microsoft Edge browser . Waves Keeper is a reliable tool that allows you to sign transactions and provides maximum protection when working with services and applications on the Waves platform. This extension allows users to manage their private keys, as well as securely directly interact with web services with support for Waves and decentralized applications (DApps). Waves Keeper is used for both open and closed blockchains.
“We consider it extremely important to support open source platforms and ensure wide availability of modern technological tools for the developer community, ” said Konstantin Goldstein, leading Microsoft technical evangelist in Russia.
Waves is one of the leading international blockchain platforms that makes a significant contribution to the development of the ecosystem of decentralized solutions in the world, and we are happy to support the company in its development. ”
The Waves platform has been hosted in the Azure cloud since 2017. The company plans to introduce Turing-complete smart contracts that will provide a wider range of functions for users of the Waves ecosystem.
O waves
Waves is a global blockchain platform launched in 2016. The mission of Waves is to build a blockchain ecosystem that allows solving real problems in various fields. We create blockchain infrastructure with convenient tools for users of our platform, developers and businesses.
- In April 2017, the Waves team successfully launched the decentralized DEX exchange, a fast and secure tool for trading popular cryptocurrencies .
- At the end of 2017, the Waves-NG protocol was activated, providing unprecedented bandwidth up to 1000 transactions per second, while the validation of each transaction takes no more than a few seconds.
- In September 2018, smart accounts became available on the Waves platform, and in January 2019, smart assets, which are together the first stage of the launch of the so-called Turing-complete smart contracts.
Publication date 01/29/2019
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