Altcoin News: The New Version of the Smart Contract Language Pact Will Ensure the Compatibility of Private and Public Networks

June 7, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Team Kadena this Thursday announced the release of a new version of the Pact programming language designed for the safe and easy development of smart contracts on the blockchain. This is the third major release of Pact, and it finally supports the cross-channel execution of smart contracts between private and public networks, CoinDesk writes.

“A programmer is [now] able to write a very simple smart contract that is able to exchange data back and forth between the public and private parts of a hybrid blockchain application without ever leaving the comfort of the Pact smart contract,” a project representative Popejoy said.

Pact 3.0 supports simple payment verification (SPV), that is, smart contracts based on it can independently verify transactions occurring in other blockchains.

Unlike Solidity and other popular languages ​​for writing smart contracts, Pact cannot boast the possibility of creating immutable decentralized applications. All applications based on it can be updated after launch. In the new version, however, the parameters defining the conditions for changing applications have been significantly expanded. Now developers, for example, can copy the stacking model used today in many cryptocurrencies, and distribute the function of making decisions on changing the smart contract code among tokens holders.

It is assumed that such a model, as well as new opportunities for data exchange in hybrid blockchains, will be of interest to business owners, the ultimate immutability of the code for which is often a negative factor.

Author: Marko Vidrih