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		<title>What is Smart Layer and What Does It Do?</title>
		<link>https://coinengineer.net/blog/what-is-smart-layer-and-what-does-it-do/</link>
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		<pubDate>Mon, 22 Jan 2024 22:56:31 +0000</pubDate>
				<category><![CDATA[Altcoin Projects]]></category>
		<category><![CDATA[Project review]]></category>
		<category><![CDATA[and James Brown]]></category>
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		<category><![CDATA[Smart Layer]]></category>
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					<description><![CDATA[<p>Smart Layer is a programmable blockchain-based service network that facilitates the execution of token logic. Also, it enables decentralized, scalable, and secure complex interactions with various systems and tokens. You might like: Hong Kong Prepares for Spot Crypto ETF What is Smart Layer? By leveraging blockchain technology, it offers an integration layer that enables reliable</p>
<p>The post <a href="https://coinengineer.net/blog/what-is-smart-layer-and-what-does-it-do/">What is Smart Layer and What Does It Do?</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-sourcepos="3:1-3:210"><strong>Smart Layer</strong> is a programmable blockchain-based service network that facilitates the execution of token logic. Also, it enables decentralized, scalable, and secure complex interactions with various systems and tokens.</p>
<blockquote>
<p data-sourcepos="3:1-3:210">You might like: <a href="https://coinengineer.net/blog/hong-kong-prepares-for-spot-crypto-etf/" target="_blank" rel="noopener"><span style="text-decoration: underline;"><strong><em>Hong Kong Prepares for Spot Crypto ETF</em></strong></span></a></p>
</blockquote>
<p data-sourcepos="5:1-5:24"><strong>What is Smart Layer?</strong></p>
<p data-sourcepos="7:1-7:465">By leveraging <strong>blockchain</strong> technology, it offers an integration layer that enables reliable token logic and facilitates a tokenized web with limitless integration potential. <strong>Smart Layer</strong> serves as an interface that allows token code to be executed in digital environments, managing the accounting, issuance, cancellation, or termination of tokens. This means that Smart Layer not only paves the way for limitless integration but also provides privacy and security.</p>
<h2 data-sourcepos="9:1-9:31"><span style="font-size: 75%;">Why Do We Need Smart Layer?</span></h2>
<p data-sourcepos="11:1-11:309">Smart Layer is necessary for a more dynamic, integrated, and <strong>user-powered</strong> internet. It stands as a deployable service container that uses <strong>TokenScript</strong> to allow tokens to provide new APIs without service network redeployment, is designed for high traffic, and uses encryption and secure computation for privacy.</p>
<p data-sourcepos="11:1-11:309"><img fetchpriority="high" decoding="async" class="size-full wp-image-10266 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Project-EVM.png" alt="Smart Project (EVM)" width="1004" height="591" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Project-EVM.png 1004w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Project-EVM-300x177.png 300w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Project-EVM-768x452.png 768w" sizes="(max-width: 1004px) 100vw, 1004px" /></p>
<p data-sourcepos="13:1-13:48"><strong>What are the Core Objectives of Smart Layer?</strong></p>
<ul data-sourcepos="15:1-18:0">
<li data-sourcepos="15:1-15:119"><strong>Increased Information</strong>: Executable tokens can carry more complete asset information, which helps with price discovery.</li>
<li data-sourcepos="16:1-16:122"><strong>Increased Utility:</strong> Executable tokens carry both front-end and back-end, and carry both on-chain and off-chain functions.</li>
<li data-sourcepos="17:1-18:0"><strong>Increased Integration:</strong> Executable tokens have more malleability and can be more easily integrated into other systems, leading to increased value the more they are used.</li>
</ul>
<p data-sourcepos="19:1-19:36"><strong>What is the Smart Layer Network?</strong></p>
<p data-sourcepos="21:1-21:308">It is more than just blockchain-based assets. Also, they are gateways, integration units, and tradable rights that can shape the future of the web. As we continue to explore and understand their capabilities, we will likely see a transition toward a more integrated, decentralized, and user-centric digital world.</p>
<p data-sourcepos="21:1-21:308"><img decoding="async" class="size-full wp-image-10261 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer.png" alt="Smart Layer" width="768" height="604" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer.png 768w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-300x236.png 300w" sizes="(max-width: 768px) 100vw, 768px" /></p>
<h3 data-sourcepos="23:1-23:26"><span style="font-size: 85%;">What is a Smart Token?</span></h3>
<p data-sourcepos="25:1-25:298">A <strong>Smart Token</strong> is a programmable blockchain-based asset that encompasses business logic, providing complex interactions in an independent, interoperable format with various systems and other tokens. Traditional <strong>blockchain</strong> tokens enabled ownership without a custodian and mandatory transaction rules.</p>
<p data-sourcepos="25:1-25:298"><img decoding="async" class=" wp-image-10262 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-1.png" alt="Smart Layer" width="1018" height="416" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-1.png 727w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-1-300x123.png 300w" sizes="(max-width: 1018px) 100vw, 1018px" /></p>
<p data-sourcepos="27:1-27:24"><strong>$SLN Coin Tokenomics</strong></p>
<ul data-sourcepos="29:1-34:0">
<li data-sourcepos="29:1-29:16">Investors: <strong>25%</strong></li>
<li data-sourcepos="30:1-30:11">Team: <strong>20%</strong></li>
<li data-sourcepos="31:1-31:14">Rewards: <strong>20%</strong></li>
<li data-sourcepos="32:1-32:10">DAO: <strong>34%</strong></li>
<li data-sourcepos="33:1-34:0">Early Users: <strong>1%</strong></li>
</ul>
<p><img loading="lazy" decoding="async" class=" wp-image-10263 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-Token.jpg" alt="Smart Layer" width="857" height="490" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-Token.jpg 707w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-Token-300x171.jpg 300w" sizes="auto, (max-width: 857px) 100vw, 857px" /></p>
<p data-sourcepos="35:1-35:137">The DAO allocation will be used for development grants, programs, and marketing, which will be decided by SLN holders through governance.</p>
<p data-sourcepos="37:1-37:24"><strong>Smart Layer Founders</strong></p>
<p data-sourcepos="39:1-39:210">It was founded in 2017 by Victor Zhang, Weiwu Zhang, and James Brown. Since then, they claim to be on their way to creating a fully integrated web where tokens serve as integration points between Web2 and Web3.</p>
<p data-sourcepos="39:1-39:210"><img loading="lazy" decoding="async" class="size-full wp-image-10264 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/01/Team.png" alt="Team" width="974" height="370" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/01/Team.png 974w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Team-300x114.png 300w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Team-768x292.png 768w" sizes="auto, (max-width: 974px) 100vw, 974px" /></p>
<p data-sourcepos="41:1-41:25"><strong>Smart Layer Investors</strong></p>
<p data-sourcepos="43:1-43:132">When we look at their investors, we see a lot of very large firms. These include giants such as the Ethereum Foundation and Polygon.</p>
<p data-sourcepos="43:1-43:132"><img loading="lazy" decoding="async" class="aligncenter wp-image-10265 size-large" src="https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-Truster-1024x487.png" alt="Investors" width="1020" height="485" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-Truster-1024x487.png 1024w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-Truster-300x143.png 300w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-Truster-768x365.png 768w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Smart-Layer-Truster.png 1465w" sizes="auto, (max-width: 1020px) 100vw, 1020px" /></p>
<hr />
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<p>The post <a href="https://coinengineer.net/blog/what-is-smart-layer-and-what-does-it-do/">What is Smart Layer and What Does It Do?</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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