Hathor Network has introduced Nano Contracts, a smart contract platform designed to simplify development, improve security, and enhance scalability. This move aims to address the pressing challenges in the DeFi space, including technical complexity, scalability issues, and security risks.
Nano Contracts utilizes Python, a widely accessible programming language, to reduce technical barriers and coding risks. Built on Hathor’s scalable infrastructure, it handles high transaction volumes with stable performance and offers flexible fee payment options. The platform also prevents manipulative practices like front-running and miner extractable value (MEV) through its unique measures.
According to Yan Martins, CEO and co-founder of Hathor Labs, the goal is to empower traders in the DeFi ecosystem by providing technology that maximizes returns and protects against MEV and front-running. With Nano Contracts, users can enjoy advanced functionality for seamless trading experiences.
Hathor has launched a public testnet for Nano Contracts, allowing developers to create their own solutions and grow a diverse ecosystem of decentralized apps (DApps). The network is also introducing an Incentivized Testnet Campaign, where participants can engage with the updated protocol and receive rewards. A Grants Program aims to fund new projects within its ecosystem, while a Global Hackathon seeks talent from around the world to build on its platform.
The introduction of Nano Contracts addresses the longstanding challenges in smart contract development, paving the way for a future where blockchain technology is truly accessible and impactful. With EVM bridge integration and MetaMask integration on the horizon, Hathor is committed to fostering a developer-friendly environment that supports complex application development.
Source: https://cointelegraph.com/news/developing-smart-contracts-is-as-easy-as-coding-in-python-on-this-platform