Share this article
Ethereum Pioneer's New 'Time Machine' Makes Transactions Conditional on Future Events
The new platform, called the “Ethereum time machine,” extends Ethereum’s programming capabilities by allowing smart contracts to execute transactions based on uncertain or not-guaranteed future events.
Nov 13, 2024, 5:01 a.m.
Make us preferred on Google
Ethereum, a paramount blockchain due to its programmability and sprawling ecosystem of layer-2 networks, is getting a new dimension: time.
Smart Transactions (STXN), a new project from Vlad Zamfir, who pioneered Ethereum's proof-of-stake blockchain system, released on Wednesday a platform that will enable applications to execute transactions based on future events.
STORY CONTINUES BELOW
The new platform, called the “Ethereum time machine,” extends the blockchain's programming capabilities by allowing smart contracts to execute transactions based on uncertain or not-guaranteed future events.
“For example, a user could stipulate that a trade execute at a specified day and time conditional on a set of prerequisites,” the STXN team wrote in a press release shared with CoinDesk. “These prerequisites could be absolute, such as the dollar value of a particular asset, or relative – for instance, whether one asset is worth more than another. The potential permutations are almost unlimited, greatly increasing the dynamism of the largest blockchain for developers.”
The release comes after STXN announced in July that it would collaborate with Consensys, a major Ethereum development firm, on research that complements Smart Transactions — a feature enabled by Consensys’ Metamask wallets.
“STXN is like a time machine because it allows us to guarantee the future when it comes to smart contracts,” STXN co-founder Anuj Das Gupta said in the press release. “It allows us to travel backward in time as well, in the sense that Ethereum smart contracts are no longer limited by what was known at the time they were written. We believe this is an important solution to the tension between flexibility and immutability when it comes to blockchains.”
Read more: Popular Crypto Wallet MetaMask Rolls Out 'Smart Transactions' to Combat Ethereum Front-Running
Sizin için daha fazlası
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
Bilinmesi gerekenler:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
Sizin için daha fazlası
Bitcoin's Quantum threat is ‘real but distant,’ says Wall Street analyst as doomsday debate rages on
Wall Street broker Benchmark argued the crypto network has ample time to evolve as quantum risks shift from theory to risk management.
Bilinmesi gerekenler:
- Broker Benchmark said Bitcoin’s main vulnerability lies in exposed public keys, not the protocol itself.
- Coinbase’s new Quantum Advisory Council marks a shift from theoretical concern to institutional response.
- Bitcoin’s architecture is conservative but adaptable, according to Benchmark analyst Mark Palmer, with a long runway for upgrades.
Top Stories
