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Ontology [ONT] launches SmartX – A smart contract tool

Anoushka Shrestha



Ontology [ONT] launches SmartX - A smart contract tool
Source: Flickr

The recent release of Ontology v0.7 and the TestNet Polaris had various important updates such as WebSocket subscribe function, smart contract pre-execute, CLI function, event push filter, new Wasm APIs, NeoVM v0.7, interoperability across VMs, SmartX and more.

The SmartX was developed in order to eradicate all the problems of a smart contract. With smart contracts, there were limitations in programming tools which did not allow users develop products and services efficiently.

SmartX is an integrated development environment [IDE] which can be used to compile, deploy and invoke smart contract in one-step. At present, SmartX supports Python and C# which is based on NeoVM and will support Wasm online compilation functions. In the future, SmartX will be supporting mainstream programming languages which will include Java, Javascript, Go Rust and more.

SmartX has a range of smart contract template and a powerful online editor. It can be used by individuals or a group of developers to customize contracts. In addition, the SmartX will enable developers to trade their smart contracts which are written by them or even team up with a group of developers to develop a smart contract in the future.

The Ontology Team says:

“In the future, SmartX will work like GitHub to be a distributed software project code hosting platform.”

According to the team, it will allow multiple people to participate and share complex contracts. It will also implement economic incentives and integrate fair governance policies. This, in turn, will promote smart contract writing, transactions, collaboration and community building.

Crypto74, a Twitterati says:

“$ONT steadily working to a massive network in #crypto”

SafteyFirst, another Twitterati says:

“Great work on developing the ONT platform!”

According to CoinMarketCap during press time, Ontology [ONT] was trading $5.48 with a market cap of $616 million and has seen a significant rise of more 3% in the past 24 hours.

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Anoushka is a full-time journalist at AMBCrypto, passionate about writing with a degree in B.A. Combined Humanities. She holds no value in cryptocurrencies currently.