Phala launches Phat Contract: enhanced smart contracts for web3 builders
Singapore, Singapore, June 16, 2023, Chainwire
Phala Network, a web3 infrastructure provider, has released Phat Contract, an improved smart contract solution for blockchain developers.
Phat Contract simplifies linking a smart contract with almost any blockchain ecosystem. This program operates off-chain on the Phala Network.
The solution connects smart contracts, allowing them to interact with the real world more efficiently. Engineered to bridge the gap between web2 services and the web3 universe, Phat Contract enables effortless integration across Ethereum Virtual Machine (EVM) and Substrate blockchains in a trustless environment. This allows smart contracts to extend their capabilities to the off-chain world, making them even smarter.
Phat Contract is a solution that allows web3 functions to be implemented efficiently and securely. It enables web3 developers to interact with off-chain data while maintaining trustworthy and secure information. Phala’s solution significantly improves development efficiency and securely enables off-chain computation. Phat Contract can catalyze the advancement of web3 applications by offering a virtually cost-free analysis.
Phat Contract helps developers build next-generation applications. It’s built upon Phala’s closed beta, which launched at the end of 2022. Forty-eight applications, including Apillon, InvArch, W3A, and PrivaDEX, have used it. The mainnet version of Phat Contract has made significant improvements in optimizing user experience.
Deploying applications without coding greatly enhances application deployment efficiency and productivity. Phat Contracts provide predefined components (Phat Bricks) and customizable templates (Blueprints) to construct efficient dapps effortlessly.
Phat Contract has launched a customizable LensAPI Oracle Blueprint that requires no coding. It means that SocialFi users can easily tailor the Oracle to their needs. Phat Contract realizes the possibility of bridging any API from the web2 to the web3 world. Users can dive into the future of Oracle Integration with Phat Contract, empowering no-code applications.
Phat Contract offers different deployment scenarios to cater to various users. Beginners can directly build applications using predefined blueprints, enjoying the convenience of not requiring programming skills. Advanced users, who usually have a solid background in writing smart contracts and a basic understanding of Rust, can customize contracts according to their needs.
Phat Contract enables smart contracts to run conventional code in JavaScript, TypeScript, and Rust. This allows them to carry out familiar web2 tasks, such as invoking an API and executing code based on the returned data. To build innovative applications via Phat Contract, developers also can apply for grants in the Phala builder program.
Phala’s Phat Contract transforms smart contracts into a powerful tool to automate transactions, decentralize systems, and rebuild trust while communicating with off-chain networks.
About Phala Network
Phala Network is a decentralized infrastructure that allows off-chain computing. Developers can use the Phat Contract programming model on Phala Network to enhance the intelligence of their smart contracts.
Contact
Core builder
Ruby Wang
Phala Network
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
