Simplicity: For Creating Highly Promising & Sophisticated Smart Contracts

Published : Jan 21, 2019

Simplicity: Highly Promising Smart Contracting

  • Simplicity is the answer to the problems faced when creating sophisticated smart contracts in the blockchain ecosystem. Before this, various blockchain programming languages have to resort to tradeoffs between reliability and expressiveness; smart contracts experts could either create a complex but unreliable smart contract, or a standard but a reliable one.

    With this unique programming language, developers can seamlessly structure sophisticated smart contracts and rest assured of their outcomes.

    Simplicity is mostly compatible with open source, sidechain-capable blockchain platforms. It means blockchain developers building sidechains or independent blockchains can yield the benefits enabled by it.

    As an implementation of such a blockchain, the liquid network would also bolster Simplicity; welcoming engaging applications for Liquid users, like vaults, trust-minimized escrow, and other Smart Contracts.

    The blockchain technology is vast and complex, and thus, poses several limitations that make common blockchain programming languages inapt;

    • All users in the network must come to agree to the computation in all settings.
    • Participants in a smart contract must be awakened of all outcomes for all possible inputs to a program beforehand.
    • All users must have the ability of denial of service attacks that would absorb superfluous memory or calculation time.
    • Participants in a smart contract must comprehend the values of their program execution for all possible figures beforehand.

    Subsisting blockchain programming languages created specifically for blockchains, like Ethereum’s EVM, still persist with challenges.

    Lately, an EVM upgrade collapsed during testing of execution due to disagreements of implementations on the result of a calculation.

    But this language intends to present the versatility and expressiveness for whatever calculations you require along with enabling you to confirm the security, safety, and values of your Smart Contracts.t

    What is Simplicity?

    A low-level machine model, Simplicity is the best programming language for blockchain-based smart contracts. It gets described through its implementation in the Coq proof assistant.

    The interesting fact is that the core language itself is quite simple that you can fit (write) it on a T-shirt – the unpretentiousness of a language does not mean to translate to the unpretentiousness of development as well.

    Why? Here are a few reasons for this:

    Essentially, blockchains require a different programming model than regular programming.

    Blockchains are intended to confirm and validate the computation, and not to do the computation.

    Here, a subtle distinction lies, however, an imminent one because arbitrary code execution verification is possible, without requiring Turing-completeness.

    Once disposed of, a smart contract becomes immutable.

    Simplicity handles this difficulty by enabling users to construct formal proofs of correctness for a Smart Contract.

    A low-level language for direct execution, Simplicity is more related to assembler language than to Java or Python.

    Ultimately, you can expect users to code their contracts in higher-level languages, later to be compiled to Simplicity.

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