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How to use Lity for innovation, many novices are not very clear about this, in order to help you solve this problem, the following editor will explain for you in detail, people with this need can come to learn, I hope you can gain something.

Lity shows how the CyberMiles team innovates to make blockchains mainstream in the developer and end-user communities.

Clock-based long-term smart contracts: this is an indispensable tool in widely used financial contracts, which is the most prominent feature of Lity compared with Ethernet Square. Because Etay Fong cannot support timer function, it cannot easily support e-commerce installment payment, interest payment, wage and pension savings and other functions.

E-commerce function: because Lityc (Lity compiler) and CVM,LibENI function set can provide functions optimized for privacy protection, encryption and decryption based on a large number of operations to protect user privacy has finally become a reality.

Scalable: optimized for common e-commerce scenarios, DApp, and other specific block chains through the Lity,LibENI function set

Let's delve into the advantages of these three features.

In today's world, time is the key

One of the most obvious drawbacks of Ethernet Square is the lack of support for timer functions, that is, actions based on time, defined by duration and frequency. Why? Because without a timer, DApp will not be able to perform tasks such as transferring funds or executing contracts on a specified date.

The new keyword schedule in Lity allows intelligent contracts to perform future schedule time tasks, which is an essential feature of contracts in the real business world, such as

Wills and trusts

Wages

Pension fund

College or retirement mandate

Mortgage, interest, insurance payment

Stock option

Installment payment

Product warranty and reservation service

Timeouts for multiple business processes that may not have clear results (such as product delivery)

CyberMiles block chain is a new generation of DPoS block chain, which will be characterized by short block time and fast output. To support this, Lityc and CVM offer long-running contracts based on clocks. This has mature application scenarios and practical uses, and represents a new kind of "intelligent business contract".

The most needed functions of global e-commerce

As we can see, the e-commerce industry is worth tens of thousands of dollars. In addition to rich profitability, e-commerce can also connect people, although this is virtual and symbolic, but it provides both micro and macroeconomic growth opportunities.

As CryptoRecorder reports, CyberMiles will ensure that the basic needs of e-commerce are met through key innovations such as Lity. As a superset of Solidity, Lity enables existing Solidity-based programs to run directly on CyberMiles without making any changes.

You may wonder why it is necessary to integrate the library and the ethernet local interface.

And that's why smart contracts on the CyberMiles blockchain run faster and perform better.

In fact, our development team found common problems with the basic functions in the operation of the ethernet intelligent contract, which is to some extent the cause of the development of Lity.

There have been a lot of data breaches this year, such as the recent T-Moblie data breach.

In this case, we should actively deal with security problems and common e-commerce scenarios, the most important of which is encryption and decryption based on a large number of operations to protect the privacy of users.

Blocktonic, which is the first to launch, may be the best proof. Thanks to the fact that Lityc and CVM,Blocktonic have come to people's lives.

Extensibility and flexibility

Lity is flexible because it allows OTA to add new language structures. As mentioned in the CyberMiles white paper, Lity will support "business rule" constructs in its applications. Developers can add new features to the Lity programming language through the new OPCODE in CVM. As long as the verifier (super node) consensus is passed, the extension can be deployed on the CyberMiles blockchain.

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