OHK Launches Cardano Blockchain Smart Contract IELE Testnet

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The IOHK Foundation announced the launch of the second Cardano testnet, the IELE virtual machine (VM) smart contract update last July 30, 2018 As published on their official website, developers can now experiment with smart contracts technology based on the Cardano blockchain and test it for bugs and other nuances which can be passed on to IOHK developers for troubleshooting. The protocol’s parent body believes the launch is an essential step in Cardano’s development and community promises, apart from offering a “robust and reliable financial infrastructure.” The IELE VM is built on an “attendant low-level language” to ensure developer inclusivity and is primarily designed to execute smart contracts on the Cardano’s protocol. The update is a collaborative effort between IOHK and Runtime Verification, a global research body. The former provided funding for the project while the latter provided technical expertise. Salient Features: * Providing Solidity compilation support and other widely-used computer languages. Solidity is the framework of Ethereum and enjoys substantial interest from the younger develop community. * Serving as a platform to translate and execute smart contracts from “high level” languages. * Providing a uniform GAS model, across all languages. * Providing a “correct by construction” language that auto-corrects any code errors during writing, instead of waiting for the compilation stage.

Posted from my blog with SteemPress : http://bisdak.vornix.blog/2018/08/02/iohk-launches-cardano-blockchain-smart-contract-iele-testnet/