Pycoin is a privacy preserving zero-knowledge protocol-based decentralized platform for writing, testing and deploying mathematically verifiable secure smart contracts in Python language that behave exactly as intended.Unlike Ethereum smart contracts with a history of repeated hacks and stolen funds, hundreds and millions of dollars, Pycoin ensures that no run time errors or intentional/unintentional bugs can be used as exploits to steal funds and corrupt Pycoin smart contracts. Pycoin can be also used as a platform for launching a number of next generation decentralized applications such as scalable decentralized exchanges(DEXs), automated hedge funds and darkpools.
SummaryPycoin has the potential to revolutionize the security of smart contracts. As computers are getting faster than ever and quantum computing on the horizon, hackers have become more of a threat than ever. They have already stolen millions of dollars from security holes in smart contracts. Pycoin is a platform made by developers for developers, and once their main net becomes fully operational, there’s no reason why the company shouldn’t take off.Positives Enhanced Security: Pycoin wants to increase the security of blockchain transactions which is a real-world problem. Experienced Team: Pycoin is a project by Cohomology Labs which is run by one of the founders of Ethereum Classic. Caters to Python Developers: Python is one of the most reputable programming languages in the world. Negatives Pycoin Mainnet Doesn’t Launch Till 2019: Investors may not see a significant return till summer of 2019 when they launch their main net with full functionality.
Pycoin’s enhanced security features, experiences team and the niche of catering to only python plays to its advantages. As computers are getting getting faster than ever, hackers have become a serious threat. They have stolen millions from security holes in smart contracts. Pycoin has the potential to revolutionize the security of smart contracts.
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