{"id":10259,"date":"2024-01-22T22:56:31","date_gmt":"2024-01-22T22:56:31","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10259"},"modified":"2024-01-22T22:56:51","modified_gmt":"2024-01-22T22:56:51","slug":"what-is-smart-layer-and-what-does-it-do","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-smart-layer-and-what-does-it-do\/","title":{"rendered":"What is Smart Layer and What Does It Do?"},"content":{"rendered":"<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>\n<blockquote>\n<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>\n<\/blockquote>\n<p data-sourcepos=\"5:1-5:24\"><strong>What is Smart Layer?<\/strong><\/p>\n<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>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-smart-layer-and-what-does-it-do\/#Why_Do_We_Need_Smart_Layer\" title=\"Why Do We Need Smart Layer?\">Why Do We Need Smart Layer?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-smart-layer-and-what-does-it-do\/#What_is_a_Smart_Token\" title=\"What is a Smart Token?\">What is a Smart Token?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-sourcepos=\"9:1-9:31\"><span class=\"ez-toc-section\" id=\"Why_Do_We_Need_Smart_Layer\"><\/span><span style=\"font-size: 75%;\">Why Do We Need Smart Layer?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<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>\n<p data-sourcepos=\"11:1-11:309\"><img loading=\"lazy\" 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=\"auto, (max-width: 1004px) 100vw, 1004px\" \/><\/p>\n<p data-sourcepos=\"13:1-13:48\"><strong>What are the Core Objectives of Smart Layer?<\/strong><\/p>\n<ul data-sourcepos=\"15:1-18:0\">\n<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>\n<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>\n<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>\n<\/ul>\n<p data-sourcepos=\"19:1-19:36\"><strong>What is the Smart Layer Network?<\/strong><\/p>\n<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>\n<p data-sourcepos=\"21:1-21:308\"><img loading=\"lazy\" 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=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<h3 data-sourcepos=\"23:1-23:26\"><span class=\"ez-toc-section\" id=\"What_is_a_Smart_Token\"><\/span><span style=\"font-size: 85%;\">What is a Smart Token?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<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>\u00a0tokens enabled ownership without a custodian and mandatory transaction rules.<\/p>\n<p data-sourcepos=\"25:1-25:298\"><img loading=\"lazy\" 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=\"auto, (max-width: 1018px) 100vw, 1018px\" \/><\/p>\n<p data-sourcepos=\"27:1-27:24\"><strong>$SLN Coin Tokenomics<\/strong><\/p>\n<ul data-sourcepos=\"29:1-34:0\">\n<li data-sourcepos=\"29:1-29:16\">Investors: <strong>25%<\/strong><\/li>\n<li data-sourcepos=\"30:1-30:11\">Team: <strong>20%<\/strong><\/li>\n<li data-sourcepos=\"31:1-31:14\">Rewards: <strong>20%<\/strong><\/li>\n<li data-sourcepos=\"32:1-32:10\">DAO: <strong>34%<\/strong><\/li>\n<li data-sourcepos=\"33:1-34:0\">Early Users: <strong>1%<\/strong><\/li>\n<\/ul>\n<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>\n<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>\n<p data-sourcepos=\"37:1-37:24\"><strong>Smart Layer Founders<\/strong><\/p>\n<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>\n<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>\n<p data-sourcepos=\"41:1-41:25\"><strong>Smart Layer Investors<\/strong><\/p>\n<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>\n<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>\n<hr \/>\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<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>\n","protected":false},"author":1,"featured_media":10260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[3830,3831,192,1239,3827,3832,3828,85,3829],"class_list":["post-10259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-and-james-brown","tag-apis","tag-blockchain","tag-dao","tag-smart-layer","tag-tokenscript","tag-victor-zhang","tag-web3","tag-weiwu-zhang"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Smart Layer and What Does It Do? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Smart Layer is a programmable blockchain-based service network that facilitates the execution of token logic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-smart-layer-and-what-does-it-do\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Smart Layer and What Does It Do? 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