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Smart Contracts News Wednesday, March 7 Smart contracts, Iota smart contracts, Account & more…

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Smart Contracts News TLDR / Table of Contents

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About Smart Contracts in IOTA – Ralf Rottmann –

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  • The IOTA Foundation has publicly stated, that smart contracts will not be a feature of the IOTA core but provided as a layer on top.
  • And its also public knowledge, that IOTA Foundation is actively working on this additional smart contracts layer which will likely need until the end of 2018 to become GA.
  • You might have seen announcements claiming that IOTA smart contracts are available or open for beta testing.
  • IOTA Foundation is not officially working with or endorsing any third party smart contract solution at the time of this writing.
  • Permissionless, community driven solutions are a cornerstone of IOTAs philosophy and chances are, that some of these third party smart contract solutions are absolutely awesome.

[/vc_column_text][vc_column_text el_class=”topfeed-tags”]Tags: smart contracts, IOTA smart contracts, IOTA Foundation, , [/vc_column_text][/vc_column][vc_column width=”1/2″][vc_separator][vc_column_text el_class=”topfeed-tweet”]

[/vc_column_text][vc_column_text el_class=”topfeed-embedly”]About Smart Contracts in IOTA – Ralf Rottmann – Medium[/vc_column_text][/vc_column][/vc_row][vc_row el_id=”Stellar-Smart-Contracts-Stellar-Developers”][vc_column width=”1/2″][vc_separator][vc_column_text]

Stellar Smart Contracts | Stellar Developers

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  • Two periods of time must be established and agreed upon for this escrow agreement: a lock-up period, during which neither party may not manipulate (transfer, utilize) the assets, and a recovery period, after which the origin has the ability to recover the escrowed funds from the escrow account.
  • This ensures that from this point on, both the escrow account and the destination account (the origin and the target) must sign all transactions that regard the escrow account.
  • After the end of the lock-up time period, the only account that is needed to sign for transactions from the escrow account is the destination account.
  • If the target does not submit Transaction 3 to enable access to the funds in the escrow account, the origin can submit Transaction 4 after the recovery date.
  • The origin can reclaim the locked up assets if desired as Transaction 4 makes it so the target is no longer is required to sign to execute transactions using the escrow account.

[/vc_column_text][vc_column_text el_class=”topfeed-tags”]Tags: account, escrow account, transaction, , [/vc_column_text][/vc_column][vc_column width=”1/2″][vc_separator][vc_column_text el_class=”topfeed-tweet”]

[/vc_column_text][vc_column_text el_class=”topfeed-embedly”]Stellar Smart Contracts | Stellar Developers[/vc_column_text][/vc_column][/vc_row][vc_row el_id=”Fujitsu-Touts-New-Tech-to-Detect-Ethereum-Smart-Contract-Bugs”][vc_column width=”1/2″][vc_separator][vc_column_text]

Fujitsu Touts New Tech to Detect Ethereum Smart Contract Bugs

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  • Japanese IT giant Fujitsu has revealed a new technology that it says could help to mitigate problems with ethereum’s smart contracts.
  • In a statement released Wednesday, Fujitsu said the new system aims to detect in advance the risks associated with a smart contract source code on ethereum.
  • In effect, the tech helps the blockchain authenticate the source call that triggers smart contract transactions.
  • For instance, as the firm explained, since multiple smart contracts could have been built indirectly into a blockchain, there’s a risk that the system may notcorrectly execute the original intention of a source call.
  • To that end, the new system, a result from joint efforts by Fujitsu’s laboratory and its R&D center, is claimed to alert developers of any source code vulnerability that could be exploited to abuse the language of ethereum, and which could ultimately fake the origin of a transaction.

[/vc_column_text][vc_column_text el_class=”topfeed-tags”]Tags: smart contract source, smart contracts, multiple smart contracts, Fujitsu, smart contract transactions[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_separator][vc_column_text el_class=”topfeed-tweet”]

[/vc_column_text][vc_column_text el_class=”topfeed-embedly”]Fujitsu Touts New Tech to Detect Ethereum Smart Contract Bugs – CoinDesk[/vc_column_text][/vc_column][/vc_row]