ContractNet is a public, permissionless, turing complete blockchain, aimed specifically at the implementation of smart contracts associated with IoT. It is optimized for lower memory devices. These external devices will interface directly with the ContractNet network, or with oracles acting as intermediaries between the devices and the blockchain, to securely exchange data with smart contracts on the blockchain.It provides entrepreneurs with a platform to host their businesses, using our proprietary blockchain and smart contract technology and using the CNET coin as the medium of exchange.