THELOGICALINDIAN - There has been a lot of allocution of bringing Ethereum acute affairs to the Counterparty mainnet in contempo months Not too continued ago it seemed like this activity was set in bean but some lastminute adjustments had to be fabricated Now that the latest EVM has been ported to the Counterparty agitative things are on the horizon
Ethereum Smart Contracts On Counterparty Mainnet?
That is the catechism everybody would like an acknowledgment to, and it appears as if the Counterparty team is alive on some final added features. They accept been able to affected the better hurdle already, admitting as Counterparty developer Ruben De Vries auspiciously ported the latest Ethereum Virtual Machine absolution to Counterparty, and it has anesthetized the Python EVM analysis apartment successfully.
It is able-bodied account acquainted this ported EVM will abutment absolutely the aforementioned functionality begin in Ethereum itself, but the affiliation goes one footfall further. Smart affairs on the Ethereum blockchain can assignment with any of the accessible – and approaching – Counterparty assets. However, the balances of approximate addresses cannot be manipulated by these contracts.
Additionally, the Counterparty aggregation wants to apparatus an EVM safeguard, which gives the developers an advantage to shut bottomward the EVM if a bug or accomplishment has been identified. Establishing such a affection would require counterparty-lib to be added so it can admit appropriate advertisement affairs generated by a accurate 2-of-3 multisignature address.
Shutting bottomward the EVM would alone crave a command anchored in the advertisement argument acreage – DisableEVM or EnableEVM – which would be accustomed as a approved Counterparty transaction. Moreover, the association would be notified in real-time about the absorbed of shutting bottomward or relaunching the EVM on the network.
This affection would alone be a safeguard, and may not abide in abode for an continued period. The Counterparty aggregation wants to err on the ancillary of attention back bringing the Ethereum acute affairs to the mainnet. By the attending of things, this affection to accredit and attenuate the EVM will be removed almost six months afterwards the Ethereum Metropolis release, as the EVM should be in a abiding action by then.
Comments and opinions from the Counterparty association are added than welcome, as the aggregation has accomplished a one-month altercation period. Additionally, there will be a one-week voting aeon afterwards. Some issues, as categorical in the blog post, will charge to be addressed, and the aggregation will alone go advanced with the addition of Ethereum acute affairs if there is a two-thirds majority of votes is casting by association members, lath members, and industry representatives.
Source: Counterparty
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