The blockchain technology is, without a doubt, the best invention of our recent times. It serves to bring forth the transparency, convenience, and decentralization we’ve so yearned for as a solution to the realm of digital assets.
With Ethereum blockchain being at the fore of this innovative technology, its uses have significantly influenced the world. Radically, smart contracts dramatically reduce the costs of doing business and the time needed to complete simple operations. It does so by forming a vast and significant portion of any ICO crowdsale or token offering.
However, what many developers of these smart contracts do experience is the lengthy, tedious, expensive and potentially risky processes. If not analyzed well, code bugs can result in massive financial losses and irreparable damages.
Worse yet, you’ll find that just a handful of programmers are smart enough to endure all the lengthy, tiring processes and unleash workable digital contracts, a factor that limits the extent of blockchain development.
Introducing iOlite – Create Your Own ICOs From Scratch!
To bridge the gap that separates the market and software engineers responsible for creating smart contracts and thus fund them to release tested and approved applications is iOlite. The primary goal here is to create a unifying platform that won’t just fund developers, but also allow users to create their smart contracts.
Through the Fast Adaptation Engine (FAE), anyone will be able to leverage the smart contract architecture and create whatever they need quickly and hassle-free. However, one great thing about the whole project is the Whitepaper; it is very insightful and well-structured!
iOlite Labs to Bridge the Gap That Exists in Smart Contract Development, Right?
But how will it help?
As aforementioned, scalability is the single most significant detriment to the growth and development of blockchain technology. Scaling them to appeal to a given audience is the most pressing issue that developers have to solve. You will find that some platform crumbles when faced with a myriad of transactions per second.
Another problem surrounds developers who can’t use Solidity – Ethereum’s official language for smart contracts. When they resort to their own development languages, they end up facing the glaring risk of losing a lot of finances due to multiple hidden bugs and issues.
iOlite.io, however, proposes to combat these and a lot of other issues by coming up with an Ethereum blockchain-based platform. The project will accept different native languages, ideally employing FAE and IDE adaptations and thereby allow them to create smart contracts using the languages they’re skilled in.
By doing this, iOlite Lab will have decentralized Solidity, increased the ease to create smart contracts and allowed the platform’s participants to create their own ICOs without any difficulty.
Features of iOlite Labs
- It uses popular IDEs (Eclipse and Visual Studio) via plugins from the original development environments.
- IOlite.io came up with the FAE that would make adoption of the platform to any programming language and thus create smart contracts a breeze.
iOlite Token Sale
- Token Symbol: ILT
- Accepted: ETH
- Soft Cap: 2,000,000 USD
- Hard Cap: 12,500,000 USD
Private sale is on-going and will end on 16.02.2018. Information about it is available via [email protected] As for the main token sale, it will start from April 1st, 2018.
It’s an ambitious project, indeed worth looking forward to. Its founders are undoubtedly skilled and able to get the job done. If they’ll stick to the roadmap, then it will be a success and helpful to future developers.