Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Societe Generale Partners with 21Shares to Boost Crypto ETP Liquidity

    David Marcus Advocates for Bitcoin in Financial System

    David Marcus Advocates for Bitcoin as Global Payment Network

    Fidelity Pushes for In-Kind Creations in Crypto ETFs

    Fidelity Amends Spot Bitcoin ETF for In-Kind Redemptions

    Tesla Reports $284 Million Bitcoin Gain

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    deBridge Initiates Revenue-Powered DBR Token Buyback

    BlackRock’s Ethereum ETF Exceeds $10 Billion in AUM

    Ethereum Faces Market Turmoil Amid Staking Withdrawals

    XRP Price Drops After Ripple Co-Founder’s Token Transfer

    Brazil’s VERT Introduces $130M Agribusiness Security on XRP Ledger

    Ripple CEO Warns XRP Investors About Deepfake Scams

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

IOHK Launches its Second Cardano Smart Contract Dubbed IELE

Vladimir C. by Vladimir C.
August 2, 2018
in Finance & Blockchain, Latest News
IOHK

IOHK, the tech company specialized in blockchain, cryptocurrency and financial development, recently launched its second Cardano smart contract on the testnet called “IELE.” The news was made public on both IOHK’s blog section and Cardano Foundation’s Twitter page.

IELE can be regarded as a virtual machine designed to execute smart contracts on the Cardano blockchain. Not only will the smart contract offer a secure and efficient financial environment for the platform’s users, but it will also allow them to explore this technology.

IELE made possible by IOHK and Runtime Verification

The virtual machine was developed by IOHK in close collaboration with Runtime Verification. The company’s recently launched smart contract uses the Solidity programming language to automatically execute contracts based on the Cardano blockchain. Runtime Verification has been able to eliminate some bugs that were harming the network.

“Developers will have far better security and performance with smart contracts on Cardano, thanks to our work with Runtime Verification, a very prominent tech research, and development startup. I’m delighted to bring this technology into the industry as everyone benefits when blockchain matures into solid and dependable infrastructure people can trust, without fear of bugs or flaws, ” Charles Hoskinson, IOHK’s CEO and founding member of Ethereum commented.

Why is IELE important

The company claims that IELE fits perfectly in the currently evolving market because it serves as a uniform platform for executing and translating smart contracts from higher-level languages. Another noteworthy feature is the fact that IELE is practically immune to errors usually found in other virtual machines during code execution, as well as the fact that it uses a register-based architecture instead of a classic stack-based one.

Grigore Rosu, CEO of Runtime Verification and professor of Computer Science at UIUC declared: “One of the driving forces behind the initial design of IELE was to facilitate the creation of more reliable and robust smart contracts and to prevent errors in code that can lead to large-scale hacks. IELE was designed from scratch using formal methods, following the same approach we previously used to formalize the KEVM semantics.”

With this latest news, IOHK joins the ranks of EOS (EOS) and TRON (TRX) who both recently released testnets and mainnets.

Tags: BlockchainContractIELERuntime VerificationSolidityTestnetVirtual Machine
Previous Post

Overstock to Provide Zambia a Blockchain Land Governance Program

Next Post

“Court of the Blockchain” to be Developed by Smart Dubai and DIFC Collaboration

Vladimir C.

Vladimir C.

Related Posts

Dow Inc. Reports First Quarterly Loss in Five Years, Impacting Shares

by Solomon M.
July 24, 2025

Dow Inc. reports first quarterly loss in five years impacting shares, citing economic uncertainties.

Dow Inc. Reports First Quarterly Loss in Five Years, Affecting Crypto Markets

by Solomon M.
July 24, 2025

Dow Inc. reports its first quarterly loss in five years, causing ripple effects in both equity and crypto markets amid...

Ghana’s Central Bank to Propose Crypto Regulations by 2025

by Solomon M.
July 24, 2025

Ghana plans to introduce crypto regulations by 2025 to ensure stability and adoption.

UBS Ends Aladdin Contract, Moves Credit Suisse Assets

by Solomon M.
July 24, 2025

UBS ceases Aladdin platform use, shifting Credit Suisse funds to its systems, aiming for cost savings.

Ethereum Price Fears Amid Staking Withdrawals

by Solomon M.
July 24, 2025

Ethereum faces price concerns as 640,000 ETH exits staking, raising market questions.

DeFi Total Value Locked Reaches $140 Billion Mark

by Solomon M.
July 24, 2025

DeFi total value locked exceeds $140 billion, first time since October 2021, reflecting investor confidence.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.