Cardano (ADAUSD)

[ap17]

New Cardano Roadmap Puts March 2021 Date For Goguen Mainet Rollout



Cardano Gunning For Ethereum
Goguen is a significant leap forward in the capabilities of the Cardano network. With it comes the ability to build decentralized applications and a whole host of other features, including a multi-asset ledger.

Developers, IOHK have gone to great lengths to cater to both technical and non-technical users. This will see the use of a new smart contract language in Plutus. It gives programmers a smart contract platform with functionality built into, or “native” to, the ledger itself.

“It also allows one code base to support both on and off-chain components, improving the coherency and usability of the development experience compared with existing smart contract implementations.”

This contrasts with Ethereum’s ERC-20 “contract standard,” which works through copy-pasting proforma code and modifying it to fit requirements.

There are several advantages to Plutus, including wider interoperability with other smart contracts. But the critical difference is that Goguen allows for smart contracts to be written in different languages. In comparison, Ethereum smart contracts use Solidity only.

As well as that, there’s Marlowe, a high-level domain specific language (DSL) built on top of Plutus. It will enable everyday people with no technical expertise to create smart contracts. Cardano hopes this will cultivate a new class of enterprise-level smart contract development with real-world use.