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    Smart Transactions launches Ethereum time machine project to enable future event-based smart contracts

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    Smart Transactions (STXN) has launched a new Ethereum project enabling smart contracts to execute transactions based on future events. Called the “Ethereum time machine”, the platform enhances the blockchain’s programming capabilities, allowing users to set conditional trades. The project, developed by Vlad Zamfir, is a result of STXN’s partnership with leading Ethereum development company, Consensys. Anuj Das Gupta, co-founder of STXN, said this introduces more flexibility into Ethereum smart contracts.

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    Ethereum, known for its impressive blockchain that supports programming and endless layer-2 networks, is now introducing the concept of time. Smart Transactions (STXN) has launched a new project by Vlad Zamfir, who originally developed Ethereum’s proof-of-stake system. The project introduces a platform that lets apps carry out transactions based on future events.

    The platform, also known as the “Ethereum time machine,” gives the blockchain more programming abilities by allowing smart contracts to carry out transactions based on future events that may or may not happen.

    This means that users can determine that a trade will occur on a specific day and time based on a set of conditions. These conditions could be absolute like the dollar value of an asset, or relative like whether one asset is worth more than another. The variations are nearly endless, making the biggest blockchain even more dynamic for developers.

    The launch follows STXN’s announcement in July of a partnership with Consensys, a leading Ethereum development company, on research to boost Smart Transactions. This feature is supported by Consensys’ Metamask wallets.

    Anuj Das Gupta, co-founder of STXN, refers to STXN as a time machine as it allows us to secure the future of smart contracts. It also allows us to look back in time because Ethereum smart contracts aren’t limited to what was available at the time they were written. This, Gupta believes, is a crucial solution to the balance between flexibility and immutability in blockchains.

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