Agoric's Secure Smart Contracts to Advance with Seed Funding Completed

Agoric is a developer that creates both smart contracts and distributed systems, but they are innovating even more now. Though they recently had a seed funding campaign to help them with their goals of greater security in their transactions, it finally reached its completion on May 21st, 2018. The round included Zcash Company, Naval Ravikant, and Polychain Capital.

In a statement from Agoric, they said:

“Creating secure smart contracts using today’s technology is inherently difficult. That difficulty has limited both the number of applications created, and the number of programmers qualified to create them. We thank our investors for giving us the opportunity to solve some important challenges needed to expand the crypto economy.”

They are also in the process of creating a programming layer that is JavaScript-based with object compatibility. This layer helps to create stringent securities that exceeds anything available today, since it offers that protection on everything involved, “from local machines to global blockchains.”

It’s no surprise that Agoric has a foundation of smart contracts with language-based security, but the founders of the company have an impressive background to support it. Those founders include:

  • Mark Miller, who wrote papers on the Agoric Open Systems to setup the system, which included E programming language to outline their approach with object-compatibility programming
  • Dean Tribble, which worked on the negotiation process and their AMiX smart contracting system with his history of high-tech startups
  • Brian Warner, who co-founded the Tahoe-LAFS storage system and who wrote the current security measures for using Ethereum
  • Bill Tulloh, who was an AMiX marketing manager and who co-founded the Agorics Project

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