English to Italian Other IT (Information Technology) blockchain applicazioni

They are complex economic relationships made up of **basic transaction primitives** written in a new language called Transaction Execution Approval Language (TEAL) as well as PyTeal, a python language binding. Algorand has now updated the ASC1 functionality to include both stateless and stateful smart contracts.

This functionality enables exciting and innovative new ways to address existing inefficient and complex financial transactions. The addition of stateful smart contracts now delivers a full comprehensive set of layer-1 smart contract functionality.

In today’s economy, there are a range of existing transactions that rely on intermediaries to provide trust and execution. This leads to unnecessary delays and costs in the delivery to the consumer. Examples of these include: