Lightning channels on the Amoveo network enable instant transactions, making the blockchain quick and scalable while also offering more privacy than ‘regular’ transactions.
Convenient Smart Contracts
Amoveo is different than Ethereum. Amoveo has turning-complete contracts that are built on top of the Amoveo channel system and programmed in the Chalang special-state language. Smart-contracts built on Amoveo execute seamlessly and effectively.
Amoveo offers users access to a database of decentralized, censorship-resistant prediction markets. Want to bet on the next U.S. president? Confident about the price of Bitcoin for next week? Use Amoveo to make your voice heard.
Amoveo’s smart contract capabilities allow for a simple execution of smart contracts. Users can create their own stable coins by pegging the price of VEO to the U.S. Dollar, Euro or any other asset that they would desire to hold as a non-volatile store of value.
Amoveo supports various contracts based on the outcome of a given parameter value. For example, a contract for difference (CFD) is based on the market price of a given asset. Users can invest without buying the asset itself.
See Example 2 here.
Robin Hanson described Futarchy as a system where users, “vote values, but bet beliefs.” Futarchy is a neutral way of deciphering what users think is best for the platform through betting on the most optimal outcome.
Amoveo provides an oracle solution that incentivizes users to submit correct answers by providing an economic incentive for correct inputs. Read more about oracles