Smart Contract

Decentralized Autonomous Organizations

..., purchasing services, and distributing profits to shareholders—all governed by smart contract code rather than traditional legal structures. It could operate as a decentrali...

Use Cases

... access. Finally, Tether enables new applications in decentralized finance and smart contract platforms. As blockchain platforms with programmable smart contract capabilitie...

Abstract

...bine), a mempool-less transaction forwarding protocol (Gulf Stream), a parallel smart contract runtime (Sealevel), and a Proof of Replication scheme for distributed storage v...

System Architecture

...st the current state of the ledger. This stage uses Sealevel, Solana's parallel smart contract runtime. Sealevel analyzes each transaction to determine which accounts it read...

Performance

... most transfers involve different accounts and can be executed in parallel. For smart contract interactions that access shared state, parallelism is reduced and execution bec...

Abstract

...y deployed on the Ethereum blockchain as an ERC-20 token, leveraging Ethereum's smart contract capabilities to enable programmable interactions with decentralized application...

Introduction

...sting infrastructure of wallets, exchanges, and decentralized applications. The smart contract design includes provisions for upgradeability, compliance controls, and cross-c...

Design Principles

...ics that benefit users. The membership standard defines technical requirements (smart contract integration, API compatibility), compliance requirements (licensing, AML progra...

Technology

...ocols, and services that have been built around the ERC-20 interface. The USDC smart contract extends the basic ERC-20 functionality with additional capabilities required fo...

Compliance Framework

...inancial system meets regulatory standards. The blacklist function in the USDC smart contract enables issuers to freeze tokens at specific blockchain addresses in response t...

Token Lifecycle

...issuer initiates the minting process by calling the `mint` function on the USDC smart contract, which creates the exact number of USDC tokens corresponding to the deposited d...

Governance

...egulators. Technical capability requires the ability to integrate with the USDC smart contract infrastructure, implement secure key management for minting and burning operati...

Conclusion

...ckward compatibility and operational continuity. The open-source publication of smart contract code, combined with independent security audits, provides technical transparenc...

Smart Contract Capabilities

...designed as a peer-to-peer electronic cash system, it has developed significant smart contract capabilities through extensions to its scripting language. Unlike Ethereum's ac...