After Ethereum hard fork, Krypton wants to write more secure smart contracts

Rage Review : After the DAO incident, Krypton wanted to develop a smaller initial token network that runs faster than Ethereum. Krypton's development focus is more on creating a secure platform, with the goal of completely rewriting the Krypton Virtual Machine (KVM) in a language that is "safer than Golang" and in a built-in contract programming language other than Ethereum's Solidity. Krypton project manager Stephanie Kent said Krypton would never use a fork solution to solve errors built into KVM applications.

Translation: Nicole

Krypton wants to become the alternative to Ethereum, which is actually also a fork plan.

Krypton was launched in February 2016, when smart contracts, DAOs and Dapps (decentralized applications) were gaining more and more attention, but it still wanted to release a smaller initial token network that had a lower inflation rate and operated faster than Ethereum.

The KR currency is traded on Yobit and Bittrex and is currently preparing to be listed on Poloniex.

Krypton's Security Focus

The recent development focus of Krypton has been more on creating a secure platform, with the goal of completely rewriting the Krypton Virtual Machine (KVM) in a language that is “safer than Golang” and a built-in contract programming language in addition to Ethereum’s Solidity.

Krypton project manager Stephanie Kent founded Krypton through "a group of anonymous crypto coders" whose mission is to provide tamper-proof smart contracts that cannot be affected by policies.

In an interview with Bitcoinist, Kent said she understands the current skepticism about smart contract technology and that the blockchain industry still has a long way to go.

Stephanie Kent

“Some smart contracts can withstand legal scrutiny, but they are a minority,” she said. “Our technology is too new. Current programming languages ​​and best practices cannot be taught in universities. We are at the forefront of distributed technology, and Ethereum is a good example.”

Kent disagreed with the idea of ​​using an Ethereum hard fork to save DAO investors, saying that Krypton would never fork to fix bugs in applications built on KVM. She said:

“This is not a good thing and only serves to divide our community.”

In the interest of transparency, Krypton published its roadmap on a public Trello page. According to Kent, several government-backed projects have already expressed support for the project.

Toronto Fintech Conference

Kent, who has experience in both software development and project management, will be meeting with potential investors at Toronto’s FinTech conference #FinTechTO on August 18. The conference is hosted by the Digital Finance Institute and will feature attendees from major banks, Google, and the investment community.

She said she hopes to raise more than $2 million in tier one financing to rewrite the KVM user platform, and that the money could also be used to rewrite the application language on top of KVM.

"We are planning to rewrite the user platform in either C or PERL (Performance Extraction and Reporting Language). Our goal is to create a platform that is secure enough to run commercial and government projects."

Expansion into China

Krypton will also appear at the Shanghai International Blockchain Week and the second Ethereum Developer Conference, with the main goal of raising public awareness of the project and listing it on Chinese digital currency exchanges.

An open invitation will be extended to developers experimenting with the Krypton blockchain.

Merger Plan

Krypton plans to merge, most likely in Delaware, and the company will build decentralized business applications to facilitate blockchain integration.

As Krypton works to protect investor funds, its first goal will be to expand the team and hire 2-3 full-time coders. The first priority after that will be to rewrite Krypton’s user platform.

After laying the foundation for the new platform, the next step will be to integrate private enterprise applications onto the public chain. Kent said that a consultation is underway and will be announced once it is fully confirmed.