github.com/leonlxy/hyperledger@v1.0.0-alpha.0.20170427033203-34922035d248/docs/source/FAQ/chaincode_FAQ.rst (about) 1 Chaincode (Smart Contracts and Digital Assets) 2 ---------------------------------------------- 3 4 * Does the fabric implementation support smart contract logic? 5 6 Yes. Chaincode is the fabric’s interpretation of the smart contract 7 method/algorithm, with additional features. 8 9 A chaincode is programmatic code deployed on the network, where it is 10 executed and validated by chain validators together during the consensus 11 process. Developers can use chaincodes to develop business contracts, 12 asset definitions, and collectively-managed decentralized applications. 13 14 * How do I create a business contract using the fabric? 15 16 There are generally two ways to develop business contracts: the first way is to 17 code individual contracts into standalone instances of chaincode; the 18 second way, and probably the more efficient way, is to use chaincode to 19 create decentralized applications that manage the life cycle of one or 20 multiple types of business contracts, and let end users instantiate 21 instances of contracts within these applications. 22 23 * How do I create assets using the fabric? 24 25 Users can use chaincode (for business rules) and membership service (for digital tokens) to 26 design assets, as well as the logic that manages them. 27 28 There are two popular approaches to defining assets in most blockchain 29 solutions: the stateless UTXO model, where account balances are encoded 30 into past transaction records; and the account model, where account 31 balances are kept in state storage space on the ledger. 32 33 Each approach carries its own benefits and drawbacks. This blockchain 34 fabric does not advocate either one over the other. Instead, one of our 35 first requirements was to ensure that both approaches can be easily 36 implemented with tools available in the fabric. 37 38 * Which languages are supported for writing chaincode? 39 40 Chaincode can be written in any programming language and executed in containers 41 inside the fabric context layer. We are also looking into developing a 42 templating language (such as Apache Velocity) that can either get 43 compiled into chaincode or have its interpreter embedded into a 44 chaincode container. 45 46 The fabric's first fully supported chaincode language is Golang, and 47 support for JavaScript and Java is planned for 2016. Support for 48 additional languages and the development of a fabric-specific templating 49 language have been discussed, and more details will be released in the 50 near future. 51 52 * Does the fabric have native currency? 53 54 No. However, if you really need a native currency for your chain network, you can develop your own 55 native currency with chaincode. One common attribute of native currency 56 is that some amount will get transacted (the chaincode defining that 57 currency will get called) every time a transaction is processed on its 58 chain.