IOTA Foundation has announced the release of its beta smart contract functionality ‘IOTA Smart Contracts’ in response to industry concerns, such as scalability limitations and excessive transaction fees.
For the first time, users will be able to build and execute custom smart contracts on a feeless network using IOTA Smart Contracts (beta version).
In addition, Ethereum Virtual Machine (EVM) support is provided. Developers can use feeless IOTA Tangle to write solidity smart contracts inside an EVM chain.
Along with its native platform, the Tangle, IOTA’s nonprofit foundation is focused on open-source research and development projects to foster acceptance in the distributed ledger technology area. By rethinking how people and technology connect to share information and value, the IOTA foundation hopes to create a new digital economy read continue…