Dispelling uncertainty around Callisto as a DApp platform and smart-contracts in general

Myth: value of a project reflects the development progress

The development progress of these platforms

  • 1 active DApp: Cold Staking contract
  • While it is hard to estimate the number of users in Cold Staking, it is obvious that ~50% of CLO total supply is engaged in staking
  • 12,9K active unique addresses

Why we don’t need “yet another DApp platform”

I don’t want Callisto to be a DApp development platform

If we have a plan to move to a newer codebase or a consensus protocol, then we have absolutely no reason to develop tools, infrastructure and attract smart contract developers to CLO. All of these tools, DApps, and infrastructure improvements will be thrown away when we upgrade to a newer protocol. This will turn the development of these features into a complete waste of time and resources.

Why have we promoted Callisto smart-contracts in the past?

Now it’s clear that we should no longer promote DApps in the CLO, because we are looking forward to switching to a newer and better code base or a consistent protocol.

Why did we accepted Monopoly game development then?

  1. The proposal received a lot of positive feedbacks from the community
  • We are going to upgrade the Callisto code base and it is highly possible that we will switch to a newer VM with no backwards compatibility, so a developer will have to deploy his DApp on Ethereum, Ethereum CLassic, TRX or any other EVM-compatible chain once Callisto will implement an upgrade
  • We are not going to build smart-contract development tools or provide any peripheral services facilitating the use of smart-contracts in Callisto because we are looking forwards for a newer code base and better VM
  • It may be hard for Callisto-based DApp to achieve mass adoption. This is especially relevant for tokens. Exchanges tend to list ETH-based tokens with ease, while CLO-based token will be unlikely to get listed on some of the large exchanges.
  • We will be happy to announce any DApps and help developers to spread the word about their projects.
  • We offer security enhancements.
  • A DApp developer can deploy exactly the same code on any of EVM-compatible chains with ease.

Why do we have smart-contracts in CLO?




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