Into the Interchain: A Deep Dive into Agoric's Smart Contract Solutions
Dec 2, 2022
Welcome to Into the Interchain!
In this series, we at Shade Protocol sit down with leaders in the blockchain industry to discuss current trends, innovative solutions, and the future of decentralized finance. This week, we had the pleasure of speaking with Dean Tribble from Agoric. Our conversation centered around the current landscape of smart contract languages and frameworks, how Agoric is breaking away from current smart contract development trends, and the importance of this shift for the entire blockchain industry.
What Is Agoric?
Agoric's Long-Term Vision
Leveraging IST (Inter Protocol)
Shade Protocol and Agoric share commonalities when it comes to the attributes they wanted to see in DeFi products, specifically stablecoins, as well as their common goal to provide the expectation of privacy within their respective services. The vision for both SILK and IST is to be adaptive over time as internal mechanisms and value drivers are better understood, as well as in response to the changing global macro environment. Adaptability is key to survival and success, especially in a rapidly evolving industry such as the blockchain industry, and both groups seek to provide the best and most secure services and products available to their respective and commonuser bases.
Agoric has partnered with a few external development teams to build and ship third-party applications once the ability to do so has been enabled, which will occur once more thorough testing has been completed.
The conversation ended with a brief discussion about the role of privacy in the digital age, and how Agoric views the attributes of privacy within the context of the services. While currently, all of their smart contracts are public by nature, the Agoric team has ensured their infrastructure for the smart contracts could eventually include a variety of privacy solutions such as ZK proofs or leverage existing solutions such as Secret Network through interchain contract calls. Right now, the Agoric team is prioritizing the assurance of language determinism including high integrity execution before focusing on confidential execution, but has plans to prioritize this in the future.
To learn more about Agoric, make sure to follow them on Twitter and join their social channels as well to stay up to date with their current developments.
If you’re interested in learning more about the collaboration potential between Shade Protocol and Agoric, check out our blog post detailing our upcoming interchain event, The Cosmos Stablecoin Summit!