### What is Agoric?

Agoric is a Cosmos-based Layer 1 blockchain designed for developing cross-chain smart contracts using JavaScript. It aims to simplify multi-chain application development by leveraging the widely-known JavaScript language, making blockchain development more accessible and versatile.

### How does Agoric work?

Agoric operates on the Cosmos SDK and utilizes the Tendermint Proof-of-Stake (PoS) consensus mechanism for swift and reliable blockchain operations. It features a JavaScript-based smart contract platform, enabling developers to use familiar programming languages. Agoric incorporates the CometBFT consensus system for high-performance and Inter-Blockchain Communication Protocol (IBC) for seamless cross-chain interactions. The blockchain supports sophisticated smart contracts through frameworks like Zoe and protocols such as ERTP for digital asset management.

### What are the potential use cases for Agoric?

Agoric offers several use cases:
1. **Decentralized Finance (DeFi):** Facilitates multi-chain DeFi applications and features like cross-chain lending and borrowing.
2. **Smart Contract Development:** Uses JavaScript for building secure smart contracts accessible to a wide range of developers.
3. **Governance:** BLD token holders can participate in network governance and staking for network security.
4. **Institutional Custody:** Secure custodial solutions for BLD are available through partnerships with enterprises like BitGo.

### What is the history of Agoric?

Agoric was founded by a team of early cypherpunks, including prominent figures like Dean Tribble and Mark Miller, to harness blockchain technology for decentralized applications. Established in 2018, Agoric has made significant strides, including partnerships with major platforms, launching API features for developers, and integrating with Mintscan. The platform has evolved technologically by adopting Tendermint consensus and dynamic IBC, and it plays a growing role in the DeFi ecosystem.

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