What is the FCT system?
The Ethereum ecosystem has seen significant growth in recent years, with the emergence of protocols and decentralized applications (dApps) as a key driver of this expansion. However, the current state of smart contract technology presents certain limitations that can impede the development and deployment of dApps. These limitations include inflexibility in terms of the logic and conditions that can be encoded within a smart contract, as well as the use of low-level programming languages that may be difficult for some developers to understand.
In the past, Bitcoin made it possible to add logic at the transaction level, such as Multi-signature and Time-Locked transactions.
However, Ethereum only allows for simple transactions, with logic being created through smart contracts. This means that even the simplest logic requires a smart contract, resulting in millions being created each year
Developing a smart contract can take months and also requires audits.
As an inspiration from Bitcoin, we propose returning the logic to the transaction level, but this time with Ethereum's capabilities.
This means that for the first time, smart contracts can be created on Ethereum. With smart transactions, developers can create features and even dApps in days, not months. The benefits of this approach include the ability to launch fast, as logic is now separate from contracts, the ability to easily modify logic without having to redevelop contracts, and the ability to avoid audits due to the simplicity of smart transactions.
FCT aims to shake up the web3 development industry with its on-chain scripting language and platform. It offers a range of tools and services to make it easier for developers to build and deploy dApps, so you can focus on creating innovative and useful products rather than worrying about the underlying infrastructure.
With FCT Visual Builder, developers and other builders can create smart transactions in minutes, use the logic of a certain protocol, and add their own logic to it, or even use a combination of several logics of several protocols and add their unique logic to them at lightning speed. But it is not limited only for developers, it is also suitable for powerful users, traders, and creative people who want to do more things with their money beyond what the existing protocols allow. This can help accelerate the adoption and growth of decentralized technologies, as well as enable new business models and use cases to emerge.
Beyond the user-friendly FCT Visual Builder, the platform will also offer a robust SDK for developers to create complex and fully customizable logic and set up dApps and protocols. This SDK will give developers the ability to expand the offering of FCT by adding additional protocols and plugging their proprietary smart contracts into the FCT system. The SDK will provide developers with an advanced set of tools and resources to create sophisticated and highly customizable decentralized applications, and will allow for greater flexibility and scalability in the development of new projects and use cases. It will also allow for the integration of other protocols, expanding the potential of FCT and making it an even more versatile and powerful platform for building decentralized applications and protocols.
We are excited to invite developers and builders to join us in shaping the future of decentralized technologies.