eCash launches Agora: Decentralized NFT marketplace on Cashtab

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by Giorgi Kostiuk

2 years ago

The eCash ecosystem continues to evolve, delivering unique programmable money through the non-custodial marketplace protocol Agora. The new NFT token DEX on Cashtab showcases eCash’s native DeFi capabilities.

What is Script?

Script is the programming language within eCash transactions that allows users to define the conditions under which funds can be spent. Unlike traditional financial transactions, eCash transactions not only transfer value but also execute specific conditions encoded in scripts, enabling automated, decentralized operations. Script is less computationally intensive compared to Ethereum’s Solidity, which makes it more secure and predictable.

How Agora Works

At the core of Agora are covenants, simple smart contracts on the eCash network. Covenants execute predefined actions when certain conditions are met. Agora allows users to create and fulfill offers asynchronously, simplifying the trading process and making it more flexible and user-friendly.

Further Agora Use-cases

Agora can facilitate automatic market making, cross-chain atomic swaps, and other scenarios. This opens up possibilities for creating diverse decentralized applications based on the Script protocol.

Script-based protocols like eTokens and Agora are reliable and effective when used correctly. With innovative protocols, eCash is entering the DeFi landscape with a reliable and scalable infrastructure.

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