1. What is it?
Steem Smart Contracts is a sidechain powered by Steem, it allows you to perform actions on a decentralized database via the power of Smart Contracts.
2. How does it work?
This is actually pretty easy, you basically need a Steem account and that's it. To interact with the Smart Contracts you simply post a message on the Steem blockchain (formatted in a specific way), the message will then be catched by the sidechain and processed.
3. Sidechain specifications
- run on node.js
- database layer powered by LokiJS
- Smart Contracts developed in Javascript
- Smart Contracts run in a sandboxed Javascript Virtual Machine called VM2
- a block on the sidechain is produced only if transactions are being parsed in a Steem block
4. Setup a Steem Smart Contracts node
see wiki: https://github.com/harpagon210/steemsmartcontracts/wiki/How-to-setup-a-Steem-Smart-Contracts-node
5. Tests
- npm run test