I was reading something about Deconet releasing alpha smart contracts. What will be the main use/advantage of using them?
Great question! Smart contracts are a great tool that, for example, can equitably reward all the software projects its initial project depends on, so when X conditions are met, X outcomes occur automatically without a need to pay intermediaries. They are more efficient, inexpensive and more secure than traditional systems.
Blockgeeks gives a great breakdown. Two interrelated smart contracts govern the Deco.Network ecosystem, and they
will run on the Ethereum blockchain. These are the Curation and Commerce contracts which govern the modules that are listed on the marketplace and the framework for accessing them, respectively. The Curation contract, which is based on token curated registries, enables DCO holders to curate the modules that are listed on the network. The incentive structure established in the Curation contract will motivate token holders to maintain the highest quality and most appropriate supply side. The Curation contract also governs select parameters in both contracts. The Commerce contract is what enables the application developers, aka the consumers, to transact in Ethereum or any approved token, including USD pegged stable coins. Upon receipt of payment, the purchase of a license or exception is written to the blockchain. Check out this article,
https://medium.com/deconet/the-new-deal-for-the-open-source-community-92567f68f3a3 for a great overview for the Deconet project, and
https://medium.com/deconet/deco-network-alpha-smart-contracts-e6ac31f7ef35 for a deeper dive into how the smart contracts will work on Deconet.
Thanks so much for taking the time to explain that. It seems extremely useful and I will definitely be researching those articles you linked. I'm sure I will have more questions soon.
