# Agoric (BLD)

**Rank:** #1420
**Type:** Token
**Source:** [View on Coinpaprika](https://coinpaprika.com/fr/coin/bld-agoric/)

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## About

### What is Agoric?

Agoric is a blockchain project designed to facilitate the development and execution of smart contracts using JavaScript. Launched in 2021, Agoric aims to make decentralized applications (dApps) more accessible to developers by leveraging a widely-used programming language. The platform operates on its own native Layer 1 blockchain, utilizing a proof-of-stake consensus mechanism to ensure network security and efficiency.

The native token, BLD, serves multiple purposes within the Agoric ecosystem, including staking, governance, and supporting the network's economic activities. By enabling smart contract development in JavaScript, Agoric seeks to lower the barriers to entry for developers, fostering innovation and growth in the decentralized finance (DeFi) space.

Agoric distinguishes itself through its focus on secure, composable smart contracts and its use of a familiar programming language, which positions it as a significant player in the blockchain landscape by promoting broader developer participation and enhancing the potential for cross-chain interoperability.

### When and how did Agoric start?

Agoric originated in 2018 when its founders, including Mark S. Miller, Dean Tribble, and Brian Warner, released the project to develop a secure and decentralized smart contract platform. The project aimed to leverage JavaScript for smart contract development, making it accessible to a wider range of developers. Agoric's whitepaper was published in 2018, outlining its vision and technical framework.

The project launched its testnet in March 2020, allowing developers to begin experimenting with its platform. Following the testnet, Agoric's mainnet went live in November 2021, marking its initial public availability and enabling broader participation in its ecosystem. The initial distribution of Agoric's native token, BLD, was conducted through a private funding round, which included notable investors such as Polychain Capital and Electric Capital. These foundational steps established the groundwork for Agoric's ongoing development and ecosystem expansion.

### What’s coming up for Agoric?

According to official updates, Agoric is preparing for the launch of its Inter Protocol, which is targeted for the upcoming quarter. This protocol is focused on enhancing the DeFi capabilities of the Agoric platform by introducing new financial instruments and improving interoperability with other blockchain ecosystems. Additionally, there are plans for a governance vote aimed at refining the platform's economic policies and ensuring community-driven development. These initiatives are designed to bolster Agoric's position in the decentralized finance space by improving scalability and user experience. Progress on these milestones is actively tracked through official channels, ensuring transparency and community engagement.

### What makes Agoric stand out?

Agoric stands out through its unique focus on secure smart contract development using JavaScript, which is a widely-known programming language. This approach lowers the barrier to entry for developers and enhances the accessibility of blockchain technology. Agoric's architecture leverages a secure, object-capability model that ensures robust security for smart contracts. The platform supports interoperability through its integration with the Inter-Blockchain Communication (IBC) protocol, enabling seamless interaction across different blockchain networks. Agoric's ecosystem is further distinguished by its partnerships with notable entities in the blockchain space, which help in expanding its reach and utility. Additionally, its governance model involves a community-driven approach, allowing stakeholders to participate actively in decision-making processes. These features collectively position Agoric as a distinct player in the blockchain landscape, focusing on security, interoperability, and developer accessibility.

### What can you do with Agoric?

Agoric's native token, BLD, plays a crucial role in the ecosystem by facilitating transactions and paying for fees within the network. Users can stake or delegate BLD to help secure the network, with the possibility of earning rewards. BLD holders are also empowered to participate in governance by voting on proposals that affect the future of the Agoric platform. Developers can leverage Agoric's smart contract platform to build decentralized applications (dApps) using JavaScript, making it accessible for those familiar with this widely-used programming language. The ecosystem supports various tools and integrations, including wallets that allow users to interact seamlessly with the Agoric blockchain. This infrastructure supports applications across categories like DeFi and NFTs, enabling a wide range of functionalities for both developers and end-users.

### Is Agoric still active or relevant?

Agoric remains active with ongoing development and community engagement. As of recent updates, the project released new versions and improvements to its smart contract platform, focusing on enhancing security and user experience. Agoric's governance is vibrant, with active proposals and community participation in decision-making processes. The project continues to maintain integrations within the blockchain ecosystem, such as its collaboration with the Cosmos network, which supports its relevance in the decentralized finance and smart contract sectors. These activities indicate that Agoric is still a significant player in its field, contributing to the broader blockchain and cryptocurrency landscape.

### Who is Agoric designed for?

Agoric is designed primarily for developers, enabling them to build decentralized applications (dApps) using secure JavaScript smart contracts. It provides tools and resources such as the Agoric SDK, which includes pre-built components and APIs to streamline development processes. This infrastructure allows developers to leverage familiar programming languages and paradigms, making blockchain development more accessible and efficient.

Secondary participants in the Agoric ecosystem include validators and liquidity providers. Validators play a crucial role in securing the network through staking, ensuring the integrity and reliability of transactions. Liquidity providers contribute by engaging in decentralized finance (DeFi) activities, enhancing the platform's financial ecosystem. Together, these groups help maintain and expand the Agoric network, fostering a collaborative environment for innovation and growth.

### How is Agoric secured?

Agoric is secured through a Tendermint-based consensus mechanism, which is a Byzantine Fault Tolerant (BFT) protocol. Validators play a crucial role in confirming transactions and maintaining the network's integrity. These validators are selected based on their stake in the network, which aligns with the Proof-of-Stake (PoS) model. Validators are incentivized through staking rewards, encouraging honest participation, while penalties, such as slashing, deter malicious actions.

The network uses cryptographic techniques like Ed25519 for authentication and data integrity, ensuring secure transaction processing. Agoric also incorporates a robust governance framework, allowing stakeholders to participate in decision-making processes, further enhancing security and resilience. Regular audits and a bug bounty program contribute to identifying and mitigating potential vulnerabilities, ensuring the network remains secure and reliable.

### Has Agoric faced any controversy or risks?

As of the latest available information, Agoric has not faced any major controversies or significant security incidents. However, like many blockchain projects, it operates within a space that inherently involves certain risks. These include technical risks related to smart contract vulnerabilities and potential governance disputes. Agoric mitigates these risks through robust security practices, such as undergoing regular audits and establishing a comprehensive bug bounty program to identify and address vulnerabilities proactively. Additionally, the project remains transparent with its community, which helps in managing and resolving any governance-related issues that may arise. Agoric continues to monitor and adapt to ongoing risks, ensuring the platform's security and stability.

