Vlad Zamfir (architect & founding Ethereum team & proof of stake pioneer) and I met three years ago in Paris. We spent the day connecting over why immutability within any knowledge topology - even blockchain - is problematic if left without an antidote.
Now we are working together on shifting the on-chain paradigm: everything in life is a transaction. We give (transaction) input, when we speak, express, decide on a financial amount, share information, stories and data points. We do so often certain of the outcome that we want the transaction to achieve, yet unclear of how to architecture a strategic plan to that outcome.
Whilst smart contracts showed us that blockchain needed smarter trade mobilisation and trading logic, they still require the issuer to know, architect and most importantly pre-empt what those behavioural steps of a smart contract ought to look like. A manual of sorts, that whilst capturing best efforts in the face of real-time context and execution becomes stunted, static and well, not the smartest way of reaching ones desired transaction outcome.
Smart Transactions (STXNs), however, are context-aware, decentralised (unlike off-chain intent protocols), and customisable. Imagine telling a transaction what outcome you want and under which conditions (input invariants) and getting real-time ASSURANCE and INSURANCE that this outcome will be met! Imagine a world in where, because we are the first to make transactions programmable on-chain/ the EVM, your transactions become recoverable, reversable and thus insured.
Last but not least, my favourite gadget that STXN unlocks: on-chain time-travel.
Stay tuned as I reveal our secrets from our past, present and future journey here as we move out of stealth and give birth to Smart Transactions.
First up: testnet in 2 weeks 👀 stxn.io
2