Software promises to fix problems with Ethereum network contracts

Ethereum's smart contract errors can not be a thing of the past.

While these bugs may cause a lot of trouble for blockchain operators today, a startup called Smart Contract Solutions is launching ZeppelinOS, a release that marks the realization of a vision that the developer team formed by smart contract veterans has had since 2016, announced on Friday.

Launched in the ethereum blockchain today, ZeppelinOS seeks to develop a series of application libraries and smart contract tools in the ethereum network.

Notably, the platform plans to use custom encryption to encourage developers to continuously improve and develop their existing code by creating a standardized system for individuals to develop, manage and operate those applications, said chief executive Demian Brener.

In materials supplied, the startup noted that it believes that "hundreds of millions of dollars" were put at risk because of vulnerabilities in smart contracts that could have been fixed but not because the costs were too excessive.

As such, the company hopes to fix this problem by providing its ZEP tokens to developers who propose fixes and updates to a library, while other users who have tokens can support different proposals.

Although the mainnet launched Friday, a number of companies have already started testing or have plans to begin testing the platform, among them include notable startups like Protocol, Storj, TrueBit and OB1.

OpenBazaar Chief Executive Brian Hoffman said his company is interested in the platform, although it has not yet officially started using it.

He said:

"They have proven to be an industry-leading smart contract auditor and a security-focused organization, and we hope to leverage their expertise and ZeppelinOS for future work on the OpenBazaar token."

Source: https://hackertyper.net/