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RE: State of the Sndbox - Week 21 [Year in Review, Oracles, Interviews, A Steemit Introduction]

in #news8 years ago

That's a very valid and excellent question @gyrosean! Here's the Steemit Inc. whitepaper on SMTs. It'll help get to the roots of those questions.

To be honest, we don't have a full picture of what SMTs will look like either / how they'll be constructed off of the existing Steem Steem-Power SBD system. We believe that they'll act similarly to ERC20 tokens.... an ERC20 is to Ethereum as... an SMT is to Steem. (Steem being the backbone for everything.)

https://smt.steem.io/smt-whitepaper.pdf