Its a new dawn for Ethereum users, following the new update by STXN’s new time machine feature ,just like GMAIL’s unsend wmail feature,which will allow users to revert Ethereum transactions.
Vlad Zamfir —Researcher and Smart transactions (STXN) co-founder has created a “Time machine” that enables Ethereum users to reverse “Smart Transactions” on the blockchain,this makes certain transactions less immutable.
This New Smart transactions allows users to set unique conditions for transaction such as : transaction timing and execution, STXN’s co-founder Anuj Das Gupta told cointelegraph at DevCon conference in Bangkok.”STXN is like a time machine because it allows us to gursntee the future as it applies to smart contracts,”
Das Gupta said in a statement shared with Cointelegraph.This feature will be supported on Ethereum Virtual Machine-compatible blockchains and could come in handy for hundreds of thousands of crypto users who chest fat finger transactions onchain.
“Ethereum smart contracts are no longer limited hy what was known at the time they were written, Das Gupta said. “We believe this is an important solution to the tension between flexibility and immutability when it comes to blockchains.”
STXN’s newly-appointed CEO, Boris Mamlyuk, compared blockchain immutability to when internet users started sending emails in the late 1900s — once a message was sent, it wasn’t possible to unsend it But then Google’s Gmail created an ” undo toggle”, giving a short window to unsend an email, which ” unlocked a bunch more utility and opportunity,” Mamlyuk said Smart transactions aim to solve that problem in web3, Gus Gupta added.”It allows us time travel forward, backward in the transaction sequencing flow, opening up a lot more utility, just like that unsend button,” he elaborated.STXN is building this machine feature into “CleanApp” — founded by Mamlyuk in 2013 — an app to report an opportunity to clean something for others to complete in exchange for Blockchain rewards. Mamlyuk said transactions will be reverted when malicious actors are caught.”If there’s malicious use of the app, we can go back and claw back the blockchain rewards that somebody got as a result of malicious use. So it’s a force multiplier. It opens up utility. “STXN is looking to integrate this time machine feature into other match-making applications, such as a Decentralized Uber.
Decentralized exchanges like Uniswap have this Match-making feature, but it only supports swaps, Das Gupta noted.STXN’s role is to build the infrastructure that allows users to build Match-making applications.
Das Gupta and Mamlyuk want STXN to support all kind sof decentralized match-making applications.
The announcement follows STXN’s partnership with Ethereum infrastructure firm Consensys back in July.
