t3rn and Web3 Foundation
In 2020 t3rn received a grant from Web3 Foundation to deliver a proof of concept of an innovative solution for bringing smart contract interoperability to blockchain technology, starting with the Polkadot ecosystem.
We have now completed the final milestone, demonstrating how fail-safe composable smart contract execution can be done through t3rn’s unique Gateway solution.
Interoperability proof of concept
The grant provided to t3rn was divided into four distinct milestones:
- Initial structure and gateways API
- Gateway engine
- Gateway standards
- Package compilation tools
The final milestone was delivered in December 2020. It involved creating the compilation tool that translates smart contracts and modules into packages, making them composable. These packages could then be executed separately on different Gateways, while functioning in the context of overall multi-step, interoperable transaction execution. Finally, t3rn demonstrated the execution on a standalone Gateway, detailed in the documentation delivered to Web3 Foundation. This provided a full proof of concept showing that t3rn’s answer to smart contract interoperability was a feasible solution to a problem that has plagued the blockchain industry since its inception.
A full breakdown of each milestone can be found here.
t3rn is a hosting platform for smart contracts that makes execution across multiple, independent blockchains possible.
t3rn was created to enable trust-free collaboration within the Polkadot ecosystem and harness this synergy to mould an ecosystem in which any developer who would like to deploy a blockchain agnostic smart contract smart contract can do so easily. t3rn aims to ultimately operate as a parachain within Polkadot to ensure unparalleled security and stability throughout the t3rn offering. The t3rn offering places great emphasis on remunerating the developers within blockchain ecosystems, as opposed to miners, by allowing them to make their smart contracts available to all t3rn users and be rewarded every time their smart contract is used.
More information can be found in this blog post.
A full explanation of all how t3rn functions to achieve the outcomes mentioned above can be found in the t3rn whitepaper.
t3rn will continue to work to ensure the development of meaningful protocols for the benefit of the Polkadot ecosystem and the benefit of blockchain as a whole.