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Steem Smart Contracts

1. What is it?

Steem Smart Contracts is a sidechain powered by Steem, it allows you to perform actions on a decentralized database via the power of Smart Contracts.

2. How does it work?

This is actually pretty easy, you basically need a Steem account and that's it. To interact with the Smart Contracts you simply post a message on the Steem blockchain (formatted in a specific way), the message will then be catched by the sidechain and processed.

3. Sidechain specifications

• run on node.js
• database layer powered by LokiJS
• Smart Contracts developed in Javascript
• Smart Contracts run in a sandboxed Javascript Virtual Machine called VM2
• a block on the sidechain is produced only if transactions are being parsed in a Steem block

4. Roadmap

This project is actually in an early stage, I will consider it more as a Proof Of Concept for now as important features are still missing:

• implement the P2P layer
• implement the Consensus layer (PoS? DPoS? other?)