DUBAI, United Arab Emirates, Sept. 19, 2022 (GLOBE NEWSWIRE) — Following Coreum’s roadmap, the Sologenic Development Foundation has announced that the Deevnet of the new layer-1 will be updated today to support WASM Smart Contracts and gas price calculations. Along with the update, Coreum reveals the capabilities of its distributed ledger technology solutions for all business needs.
Introducing Enterprise Graded Blockchains (EGB), Coreum refers to a new standard for blockchain networks specifically designed to provide essential tools and infrastructure for businesses of all sizes to enable them to build, incorporate and run decentralized applications.
In accordance with ISO 20022, some key elements that EGB blockchains bring are security, scalability, efficiency and optional KYC to suit the regulators’ requirements when it comes to the highly regulated financial sectors. Furthermore, if a business chooses to refrain from using the KYC feature during development, it will Coreum blockchain provides completely anonymous transactions by default.
WASM Smart Contracts – A developer-friendly framework
Online collection is a key element of Coreum’s scalability. Supporting multiple programming languages and offering a more comprehensive set of tools than the popular Ethereum Virtual Machine (EVM) allows developers to write smart contracts in whatever language they are most comfortable with, including Rust, C/C++, Typescript, and Kotlin.
Also, by leveraging the benefits of compiled code, WASM is able to load and execute smart contracts faster, while increasing the number of transactions processed per block.
Synergistically, this update will allow projects to build on the blockchain as the first wave of Coreum grants are selected. With this first wave of grants centered around DeFi protocols, wallet applications and PR requests; we should expect these projects to launch alongside Coreum Mainnet in Q1-2023. Wave 2 applications are open soon and all documentation for developers is available at Developer Hub section of the website.
On another note, it is important to consider that Coreum has not conducted any token sales and aims to be a completely community-driven technology. A monthly airdrop of CORE tokens are allocated to SOLO holders and 30% more of the total supply will be distributed to the CORE community in the future as well.
“Currently, blockchain technology has not been widely adopted by the traditional financial sectors. There is a lack of layer-1 blockchain protocols that directly address and solve the regulatory concerns of the financial sectors, while providing secure, fast, cost-effective and scalable transactions. The first blockchain to address these concerns will potentially change the game forever,” – Bob Ras (Coreum Co-Creator).
About Coreum
Coreum is the first EGB. A new generation of enterprise-oriented blockchains must provide fast, cost-effective, scalable and interoperable blockchain infrastructure in accordance with ISO20022.
About Sologenic
The “Sologenic Development Foundation” is an independent community of developers actively working on various open source projects and use cases around the SOLO and CORE tokens. More information can be found at www.sologenic.org
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