10 Sep decentralized platform Waves has released a new system log for your blockchain. The new Protocol, in case of its support from miners, will be adopted during the week and smart contracts will be available in the core network for developers who can use them in their projects.

As the magazine ForkLog developers, the first phase launch of the smart-contracts Waves will be integrated into the platform the so-called smart accounts.

“This is a partial Turing smart contracts that allow you to run code on the blockchain, but provided limited functionality to avoid unwanted scenarios and to improve system reliability”, — noted in the company.

Smart-accounts will be used for different operations with the tokens. The list of expected functions include: accounts multimediali, atomic swaps, freezing tokens, two-factor authentication, the vote on white lists and oracles data.

“We’re trying to look at the system through the eyes of ordinary user and understand what they need most. It is important to note that the smart-accounts do not require any “gas”, in contrast to Ethereum. The Commission will be the same as for standard transactions in the network”, — said the founder and CEO of Waves Alexander Ivanov.

We will add that for the implementation of smart-accounts used programming language RIDE by the makers of the Waves. It is optimized to work on the blockchain and requires minimal resources. A full description of the functionality of smart accounts can be found in the technical documentation of the project.

In the next phase command Waves will launch its Turing complete smart contracts, which will provide a much wider range of functions for ecosystems Waves.

It is worth noting that today the average rate of token Waves increased in price by more than 15%.

We will remind, earlier in September, the support token Waves was added in hardware wallets Ledger Nano S.

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