Ethereum Developers Unveil ‘Smart Transactions’

Ethereum developers Vlad Zamfir, Anuja Dasa Gupta, and Boris Mamlyuk have introduced the concept of ‘smart transactions,’ advancing the realization of the ‘World Computer.’ This was reported by The Block.

Smart Transactions (STXN) will significantly expand the range of applications and protocols that can be created through a more dynamic set of features.

This will be possible thanks to smart contracts that execute based on uncertain future events.

These events could include, for example, tokens reaching a certain value threshold or market capitalization, as well as more ‘relative’ parameters, such as whether one asset is worth more than another.

In July, the startup partnered with ConsenSys, which funded further research into STXN, complementing the Smart Transactions feature introduced in May.

“We are working on the infrastructure for creating hybrid dapps that are partly cryptocurrencies and partly, for example, Web2 applications. Interesting things can be done in terms of computation, development, and user experience,” said Smart Transactions CEO Boris Mamlyuk.

The expert recalled the original vision of Ethereum as the ‘World Computer.’ According to him, the Ethereum blockchain is not just a platform for financial transactions, but a universal computing environment.

Mamlyuk described the implementation of a decentralized Uber and on-chain printing (sending data directly to a printer) as ‘theoretically possible.’

Back in November, Ethereum co-founder Vitalik Buterin discussed the development and prospects of the second-largest cryptocurrency by market capitalization.

Earlier, the expert published a six-part essay titled ‘The Possible Future of the Ethereum Protocol.’