Business Amenities

  • The Finotron smart contract is nothing more than a payment gateway that facilitates peer-to-peer commission payments between its participants.
  • The smart contract is public. Anyone can see the code and the entire transaction history. This guarantees the integrity of the system and real project statistics.
  • There are no managers or administrators, there are only the creators who are equal participants in the project, like everyone else
  • All funds are transferred between members, there are no hidden fees. The contract balance is always zero.

Finotron smart contract technology is a new phenomenon in the modern decentralized economy. It allows, in accordance with the program code, to process and distribute the financial flows of digital assets. All processes take place in an open, decentralized blockchain network based on the Tron cryptocurrency, the infrastructure of which supports the operation of such contracts.

With smart contracts, every agreement, every process, task, and payment can have a digital record and signature that could be identified, validated, stored, and shared. Decentralized Autonomous Organizations are such an example and probably represent the most complex smart contracts. The smart contract hereby formalizes the governance rules – the bylaws, governing statutes, rules of procedure, or articles of association of an organization – and replaces day-to-day operational management with self-enforcing code.

We have analysed the use of opcodes in order to extract useful information. For instance, we found out the existence of opcodes that do not appear in any smart contract deployed on the blockchain. Our analysis of smart contracts’ source code, instead, provides important insights into the use of the Solidity language and, hence, sheds light on the nature of smart contracts written so far. For example, we found out that the majority of smart contracts do not use control loops, but have a rather simple linear structure, and that smart contracts rarely call other smart contracts. Our study hence supports the identification of a set of core features for the definition of new formalisms and domain-specific languages supporting the development of applications based on smart contracts. Formalisms can facilitate the development of formal techniques for verification.

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