What the hell is Phat Contract?
Here's a thread to help you understand the MOST IMPORTANT launch upcoming on @PhalaNetwork ecosystem
1) Phat Contract is a decentralized Lambda. It can be used to develop 100% decentralized-controlled applications by combining them with other protocols/smart contracts.
2) It's born to execute all off-chain services no matter how complex the back end is. You can build a Defi aggregator or create an MMO game with it. In the future, we can even make the entire metaverse with it!
3) What's unique about Phat Contract from other decentralized computation infra? Please follow up with me if you want to learn more 👇
4) Zero gas fee to use - Customers needn't pay to use the chain. App users and those who develop products/implement blockchain using Phat Contract's off-chain computation model, Phala charges 0 gas fee.
5) Powerful Composability #1 - Phat Contract provides native HTTP request support. It means that you can integrate any external API into the contract. As a Dapp builder, you can integrate everything from Web2 into your native contract.
6) Powerful Composability #2 - Phat Contract is available to support S3 database format, which enables the capability of Phat Contract to be applied in the most popular decentralized storage protocols like @ArweaveTeam or @Filecoin
7) Powerful Composability #3 - Furthermore, it has no limitation among smart contracts (i.e., EVM or WASM) in any blockchain. Thus developers can leverage it to connect to Web2 services or any Web3 ecosystems.
8) NoOps Service: Phat Contract lets "no server to maintain" come true. High-performance computing and automatic scaling are possible within the large quantities of Edge Computing Node supports.
9) Low latency - Users' requests are directly processed by the Secure Workers in Phala blockchain, and the responses come immediately. Phat Contract can achieve millisecond-level read-and-write answers, making it a perfect choice to deploy large-scale data processing services.
10) How to use it? Phat Contract support @ink_lang programming language, It's an opinionated language extending the popular #Rust. But don't worry, Phat Contract will provide wrapped modular components SDK for devs. So you don't even need to learn Rust to use Phat Contact!
11) What's next? We will launch Phat Contract in the next coming months. Stay tuned to @PhalaNetwork , but you can already test the powerful with wiki.phala.network/en-us/build/ge… or
github.com/Phala-Network/…
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