About Ethfinex Voting Token
Safe Contracts Overview
EveriToken introduces the novel idea of safe contracts via our API layer. Rather than code directly, users rely on safe contracts to facilitate processes such as the issuance and transfer of tokens. By simplifying functions to the core requirements, safe contracts ensure that all chain transactions are secure and without loopholes, as the available API functions are fully reviewed and verified.
Even though safe contracts are not Turing complete, they can still achieve the majority of necessary functions via APIs, and provide flexibility to token-issuers for the completion of off-chain services.
Benefits of Safe Contracts
Furthermore, safe contracts have the added benefits of increasing accessibility and TPS. Regarding the former, the inclusion of APIs makes it simple for easy integration into existing workflows without having to write chain-integration code from scratch.
10,000 TPS achieved on mainnet: December 2018
In regards to the latter, the usage of APIs allows for various translations_old types to be distinguished easily, and independent token transactions can be processed in parallel at faster speeds (10,000 TPS achieved on mainnet: December 2018).