Unfixable ethereum intelligent contract errors may soon be a thing of the past. While these bugs may cause numerous issues to blockchain operators today, announced Friday, a startup named Smart Contract Solutions is launch ZeppelinOS, a release that summarizes the realization of a vision its own group of veteran smart contracts programmers had since 2016. Located on the ethereum blockchain today, ZeppelinOS attempts to develop a collection of libraries to get smart contract software and resources on the ethereum network. Notably, the platform intends to use a customized cryptocurrency to incentivize developers to continually enhance and build upon its current code, developing a standardised system for people to develop, manage and run these programs, said chief executive Demian Brener.
In materials supplied at CoinDesk, the startup noted that it considers hundreds of millions of dollars were placed at risk due to vulnerabilities in smart contracts that might have been fixed, but were not since the prices were too excessive. As such, the company expects to rectify this dilemma by supplying its own ZEP tokens to programmers who suggest fixes and upgrades to some library, whilst other users who maintain tokens can support unique proposals. Although the mainnet launched Friday, some of businesses already started analyzing or have plans to start testing the stage These include notable startups Protocol, Storj, TrueBit and OB1.
OpenBazaar Executive Director Brian Hoffman informed CoinDesk that his organization is intrigued in the stage, though it has not yet started to use it officially. He said: They have demonstrated to be an industry leading smart contract auditor and safety focused organization and we expect to leverage their experience and also ZeppelinOS for future work on the OpenBazaar token. Code image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.