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.
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.
Agoric offers several use cases:
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.