Web3 Foundation's Polkadot Ecosystem Looks To Implement Kadena's Pact Smart Contacts

The Web3 Foundation, known for the creation of its Polkadot protocol, is currently studying how to integrate the Pact smart contract programming language created by a startup called Kadena to it. Right now, the two organizations have started a partnership to find solutions for this integration together.

Pact was originally created as a way to make smart contracts easier to execute on different types of blockchains. When the language was created, Kadena hoped that it would be adopted as a standard in the future, just like USB is today.

The founder of Kadena, Stuart Popejoy, revealed the project to the world back in June 2019 and affirmed that it could be used in both private and public blockchains, making it a hybrid language. Also, the project is supposed to be the first smart contract technology that can be read by humans, not only machines, which is also something very important to make it more mainstream.

Kadena’s blockchain platform went live this month after the announcement of a $20 million USD token sale. At the moment, there are ten proof of work blockchains running it and they are supposed to allow data to be shared in several different networks.

As the project created by the Web3 Foundation has the goal of uniting proof of stake protocols, the two companies saw as fit the idea to partner and connect the services that they provide.

The Web3 Foundation was created by one of the co-founders of Ethereum, Gavin Wood. The company has just recently launched its DOT tokens and has a network valued at around $1.2 billion USD but it is not being freely commercialized right now.

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Gabriel Machadohttps://bitcoinexchangeguide.com/
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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