STEEM Layer 2 (STEEM VM) Smart Contract system construction
Hello This is Blokfield.INC.
Our team has been working on STEEM Layer 2 (STEEM VM) for several months.
There are still many areas to be developed, but some meaningful results are coming out.
Since the STEEM-ENGINE service has ended and now there is no way to issue STEEM-based tokens or utilize Smart Contract technology, it seems that only services using multi-chains or simply recording services like a DB remain.
STEEM Layer 2 (STEEM VM), which we are developing, is to build a Smart Contract using the STEEM blockchain.
It was built using the Java Script language, and the development of the current token issuance NFT issuance system has been completed, and explorer system construction and wallet system development are in progress.
Most of the basic work has been completed, and now there is still work to build a system that users can see.
The system has been built by combining STEEM Side Chain and VM technology, and there are still many parts to be built, such as node systems, transaction systems, bridge systems, website construction, and SMT.
It is being built as a more decentralized system than STEEM-ENGINE, and I believe that a practical system will definitely be built as development progresses.
STEEM Layer 2 (STEEM VM) is characterized by paying STEEM per transaction as a fee.
Since it is not a form of developing a separate token, this part can be a major source of income, or there is a way to contribute to the STEEM ecosystem by burning STEEM generated.
Many systems have been built, but it is still in the early stages of development, so there are many expectations and worries.
We would be grateful if you could leave us an opinion on how to utilize STEEM Layer 2 (STEE VM) and which one should be developed first.
Although it is in the early stages of development, I wonder what will happen if the STEEM Layer 2 (STEEM VM) system is developed.
Many comments are appreciated.
Explorer sample working screen
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Looks promising! !thumbup
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