Article Summary, Automatically Generated By AI
About Agoric
- Agoric’s platform makes blockchain programming accessible to 17+ million JavaScript developers.
- The Agoric chain is part of the Cosmos ecosystem and mitigates risks in decentralized financial systems.
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The platform features two native tokens:
- BLD: a staking token supporting economic activity and ensuring chain security.
- IST: an IBC-enabled stable token maintaining parity with the US dollar (USD) for transactions and as a stable token for the Cosmos ecosystem.
Numbers and figures:
- 17+ million: number of JavaScript developers
Case studies, anecdotes, and examples: None
About Agoric
In the realm of decentralized finance, Agoric emerges as a pioneering force, dedicated to crafting a novel paradigm for decentralized applications. By harnessing the vast potential of blockchain technology, our vision is to create a seamless, trustless, and permissionless ecosystem, where users can engage in secure, efficient, and transparent interactions.
Agoric’s Hardened JavaScript smart contract platform renders blockchain programming accessible, secure, and compositional for the 17+ million JavaScript developers worldwide seeking to design, deploy, and operate complex decentralized applications, non-fungible tokens, and decentralized finance markets.
The Agoric chain, an integral component of the Cosmos ecosystem, is specifically designed to alleviate the unprecedented risks inherent in decentralized financial systems predicated on Proof of Stake (PoS) consensus. Furthermore, the Agoric programming model is poised to facilitate the creation of a cryptoeconomic standard library, characterized by the same exponential composability that fueled the meteoric rise of the Node.js, React.js, and other JavaScript ecosystems.
Agoric boasts two native tokens: BLD, a staking token that underpins economic activity within the Agoric ecosystem, ensuring the chain’s security scales in tandem with the network’s economic growth. IST, an IBC-enabled stable token, is designed to maintain parity with the US dollar (USD), serving as a reliable medium of exchange to facilitate transactions and providing a stable store of value for the entire Cosmos ecosystem.