The Compact Launches Open-Source Crosschain Smart Contract System
**The Compact** has launched as an open-source, composable smart contract system designed to enable seamless crosschain interoperability.
Key features include:
- **Resource locking mechanism** that enables credible commitments within applications
- **Composable architecture** allowing builders to integrate crosschain functionality
- **Open-source framework** for developers to build upon
The system allows developers to create applications that can operate across multiple blockchain networks without the typical friction of crosschain transactions.
*Builders can now implement credible commitments directly into their dApps*, expanding possibilities for crosschain DeFi and other blockchain applications.