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Agoric’s Hardened JavaScript smart contract platform makes blockchain programming familiar, safe, and composalbe for the 17+ million JavaScript developers across the globe looking to build, deploy, and operate sophisticated Dapps, NFTs, and DeFi markets.
The Agoric chain, part of the Cosmos ecosystem, is designed to mitigate novel risks posed by decentralized financial systems built upon Proof of Stake (PoS) consensus. Moreover, the Agoric programming model will enable the formation of a cryptoeconomic standard library with the same exponential composability that led to the explosive growth of the Node.js, React.js, and other JavaScript ecosystems.
Agoric features two native tokens:
- BLD, a staking token supporting economic activity within the Agoric ecosystem. It ensures the chain’s security increases in tandem with the network’s economic activity.
- IST, an IBC-enabled stable toke designed to maintain parity to the US dollar (USD). IST provides a local medium of exchange to facilitate transactions, as well as a stable token for the entire Cosmos ecosystem.
What is Agoric?
Agoric revolutionizes blockchain technology by leveraging a secure subset of JavaScript for object capabilities and smart contracts. This innovative approach makes blockchain programming accessible and safe for over 17 million JavaScript developers worldwide, enabling them to create sophisticated decentralized applications (Dapps), NFTs, and DeFi markets.
Founded by pioneers in secure development and distributed systems, Agoric is not just a platform but a thriving community and ecosystem for building decentralized finance protocols and infrastructure. Its foundation rests on principles like Inter-Blockchain Communication (IBC), Object Capabilities (OCAPS), and the Principle of Least Authority (POLA), ensuring robust security and interoperability.
The Agoric chain, integrated into the Cosmos ecosystem, employs a Proof-of-Stake (PoS) consensus mechanism to mitigate risks inherent in decentralized financial systems. This chain supports two native tokens: BLD, which is crucial for staking and securing the network, and IST, an IBC-enabled stable token pegged to the US dollar, facilitating stable transactions across the Cosmos ecosystem.
Agoric's programming model aims to create a cryptoeconomic standard library, fostering exponential composability akin to the growth seen in JavaScript ecosystems like Node.js and React.js. The open-source nature of Agoric's projects, available on GitHub, further underscores its commitment to transparency and community-driven development.
What is the technology behind Agoric?
Agoric stands out in the blockchain world by leveraging a secure subset of JavaScript to enable object capabilities and smart contracts. This approach makes blockchain programming accessible and familiar to the vast community of JavaScript developers. By using Hardened JavaScript, Agoric ensures that developers can build decentralized applications (Dapps), non-fungible tokens (NFTs), and decentralized finance (DeFi) markets with enhanced safety and composability.
The foundation of Agoric's technology is its Cosmos-based Layer 1 blockchain. This blockchain is part of the Cosmos ecosystem, which is known for its interoperability and scalability. The Cosmos SDK provides the tools needed to build custom blockchains, and Agoric utilizes this to create a robust and secure environment for its operations. The blockchain employs Proof of Stake (PoS) consensus, which is designed to mitigate the risks associated with decentralized financial systems. This consensus mechanism ensures that the network remains secure and efficient, even as it scales.
Inter-Blockchain Communication (IBC) is another critical component of Agoric's technology. IBC is a protocol that allows different blockchains to communicate and interact with each other. This layered protocol facilitates the transfer of tokens and other digital assets across various blockchains, enhancing the interoperability of the Agoric ecosystem. By using IBC, Agoric can integrate seamlessly with other blockchains in the Cosmos network, providing a more connected and versatile platform for developers and users.
Agoric also employs the ERTP (Electronic Rights Transfer Protocol) token standard for creating and transferring tokens and other digital assets. ERTP is designed to be secure and flexible, allowing developers to define and manage digital assets with ease. This standard is crucial for the development of sophisticated financial instruments and applications within the Agoric ecosystem.
Security is a paramount concern for any blockchain, and Agoric addresses this through several advanced features. The use of Hardened JavaScript ensures that smart contracts are safe from common vulnerabilities. Additionally, the PoS consensus mechanism and the economic incentives provided by the BLD token (Agoric's native staking token) help secure the network. BLD supports economic activity within the Agoric ecosystem and ensures that the chain’s security increases in tandem with the network’s economic activity.
Agoric also introduces IST, an IBC-enabled stable token designed to maintain parity with the US dollar (USD). IST serves as a local medium of exchange to facilitate transactions within the Agoric ecosystem and provides a stable token for the entire Cosmos network. This stability is crucial for users and developers who need a reliable currency for their operations.
The Agoric programming model aims to create a cryptoeconomic standard library with exponential composability. This concept is inspired by the success of JavaScript ecosystems like Node.js and React.js, which have seen explosive growth due to their modular and composable nature. By applying these principles to blockchain technology, Agoric hopes to foster a similar level of innovation and growth within its ecosystem.
The combination of these technologies and principles makes Agoric a powerful platform for building decentralized applications. The use of JavaScript, a widely-known programming language, lowers the barrier to entry for developers. The integration with the Cosmos ecosystem and the use of IBC enhance interoperability and scalability. The focus on security and composability ensures that applications built on Agoric are both safe and flexible.
What are the real-world applications of Agoric?
Agoric, represented by the ticker BLD, is a blockchain platform that leverages JavaScript to make decentralized application (Dapp) development more accessible. By using Hardened JavaScript, Agoric aims to attract the vast community of JavaScript developers, enabling them to create secure and composable smart contracts. This approach lowers the barrier to entry for developers who are already familiar with JavaScript, facilitating the creation of decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and other blockchain-based applications.
One of the standout applications of Agoric is its role in building DeFi protocols. These protocols can include stablecoin yield aggregators and cross-chain liquidators, which are essential for managing and optimizing returns on stablecoins across different blockchain networks. Additionally, Agoric's infrastructure supports the development of wallets and bridges, which are crucial for enabling seamless transactions and interoperability between various blockchain ecosystems.
Agoric also emphasizes the importance of security and composability in smart contract development. By adhering to the Principle of Least Authority (POLA), Agoric ensures that each component of a smart contract has only the minimum level of access necessary to perform its function. This reduces the risk of vulnerabilities and enhances the overall security of the system.
The platform is part of the Cosmos ecosystem, which uses Proof of Stake (PoS) consensus to secure its network. Agoric's native token, BLD, supports economic activity within the ecosystem and ensures that the chain's security scales with its economic growth. Additionally, Agoric features IST, an IBC-enabled stable token designed to maintain parity with the US dollar, providing a stable medium of exchange for transactions within the Cosmos ecosystem.
Agoric's contributions extend beyond just applications; the platform has published numerous papers on topics such as markets and computation, incentive engineering, and smart contracts. These publications help to advance the understanding and development of decentralized systems, making Agoric a significant player in the blockchain space.
What key events have there been for Agoric?
Agoric, a blockchain platform leveraging Hardened JavaScript for smart contracts, has made significant strides in the cryptocurrency space. The platform, part of the Cosmos ecosystem, aims to make blockchain programming accessible and secure for millions of JavaScript developers worldwide.
One of the earliest notable events for Agoric was the launch of their community forum, which provided a space for developers and enthusiasts to discuss and collaborate on various projects. This forum has been instrumental in fostering a vibrant community around Agoric's technology.
Agoric's ecosystem expansion has been another critical milestone. This expansion included the introduction of the Agoric SDK and UI kit, tools designed to simplify the development of smart contracts and graphical user interfaces. These tools have made it easier for developers to build, deploy, and operate sophisticated decentralized applications (Dapps), non-fungible tokens (NFTs), and decentralized finance (DeFi) markets.
In the realm of cross-chain transfers, Agoric introduced Fast USDC, a solution aimed at enabling seamless and rapid transfers of USDC across different blockchain networks. This innovation has been crucial in enhancing the interoperability of the Agoric platform with other blockchain ecosystems.
Agoric has also been active in the academic and research community, publishing several papers on their technology. These publications have provided valuable insights into the technical underpinnings of the Agoric platform and its potential applications in the broader blockchain space.
Participation in industry events and conferences has been another significant aspect of Agoric's journey. The platform has been represented at major events such as ETHDenver and Token2049, where they have showcased their technology and engaged with the broader cryptocurrency community. These events have helped Agoric gain visibility and attract interest from developers and investors alike.
The Agoric chain, designed to mitigate risks posed by decentralized financial systems, operates on a Proof of Stake (PoS) consensus mechanism. This design ensures that the chain's security scales with the network's economic activity, supported by the native staking token, BLD. Additionally, Agoric features IST, an IBC-enabled stable token pegged to the US dollar, facilitating transactions within the Cosmos ecosystem.
Agoric's verified organization status, controlling the domain agoric.com, further establishes its credibility and trustworthiness in the blockchain space. This verification is a testament to the platform's commitment to transparency and security.
The platform's programming model aims to create a cryptoeconomic standard library, leveraging the composability that has driven the success of JavaScript ecosystems like Node.js and React.js. This approach promises to bring similar exponential growth to the blockchain space, enabling developers to build more complex and interconnected applications.
Agoric continues to list upcoming events and conferences on their dedicated events page, keeping the community informed about their participation in various industry gatherings. This ongoing engagement with the community and the broader blockchain ecosystem underscores Agoric's commitment to fostering innovation and collaboration in the cryptocurrency space.
Who are the founders of Agoric?
Agoric, with ticker BLD, is a blockchain platform that leverages Hardened JavaScript to make smart contract development accessible and secure for millions of developers. The founders of Agoric are Dean Tribble, Mark Miller, Bill Tulloh, and Brian Warner. Dean Tribble, known for his work in secure distributed systems, plays a pivotal role in Agoric's vision. Mark Miller, a prominent figure in computer science, has contributed significantly to the platform's technical foundation. Bill Tulloh and Brian Warner bring extensive experience in software development and security, further solidifying Agoric's innovative approach to decentralized finance and blockchain technology.
The live Agoric price today is $0.094228 USD with a 24-hour trading volume of $272,565 USD. We update our BLD to USD price in real-time. Agoric is down 2.81% in the last 24 hours. The current CoinMarketCap ranking is #3628, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.