Margaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.
Ethereum, a paramount blockchain due to its programmability and sprawling ecosystem of layer-2 networks, is getting a new dimension: time.
Smart Transactions , a new project from Vlad Zamfir, who pioneered Ethereum's proof-of-stake blockchain system, released on Wednesday a platform that will enable applications to execute transactions based on future events.The new platform, called the “Ethereum time machine,” extends the blockchain's programming capabilities by allowing smart contracts to execute transactions based on uncertain or not-guaranteed future events.
“For example, a user could stipulate that a trade execute at a specified day and time conditional on a set of prerequisites,” the STXN team wrote in a press release shared with CoinDesk. “These prerequisites could be absolute, such as the dollar value of a particular asset, or relative – for instance, whether one asset is worth more than another. The potential permutations are almost unlimited, greatly increasing the dynamism of the largest blockchain for developers.
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