The Duality of Smart Contracts and Electronic Rights
summary
Agoric describes a working stack: vats that run a secure subset of JavaScript, an issuer/mint model (purses and balances), and composable contracts that create and transfer rights. A 20‑line escrow agent demo enforces a market safety property so trades either complete or revert. Implementation targets Substrate/Polkadot as a pair‑of‑chains, is open source, and uses the object-capability model to enable safe, reusable contract components for many developers.
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chapters (11)
- 0:00Start
- 1:23Empower the world's developers
- 4:31Don't use the wrong foundations
- 8:24An object-capability (ocap) is...
- 9:59Simple ocap pattern
- 14:17Mints and Purses
- 18:03Issuers and exclusive transfer
- 18:41Escrow contract and market safety
- 21:34Smart Contracts, Electronic Rights
- 23:56Contracts as reusable components
- 24:55Empower the Duality!
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