IOHK has released new details related to Goguen roadmap for the Cardano (ADA) community. Developers behind this cryptocurrency network continue to work in order to offer better solutions and services than those offered by other blockchains such as Ethereum (ETH). The goal is to launch Goguen as soon as in March 2021. However, many users consider that there might be some delays on the official launch of this implementation.
IOHK Releases Information on Goguen’s Cardano Implementation
In a recent tweet published by Input Output Hong Kong, they inform that native tokens are coming to the Cardano network. In order for this to happen, the team informed that they will be spinning up their production “mint” environment for token creation as soon as in December, one month from now.
According to IOHK this would allow the Cardano network to start rolling out native assets on top of this blockchain. While Ethereum (ETH) and other blockchain networks have their own token standard, Cardano is going to be added to the list during the first half of 2020.
As per the roadmap released by IOHK, in mid-December they will be releasing native token node CLI and also the pre-production environment. This will last for just a few months until the mainnet is launched.
Close to March, the Cardano network is expected to release its Goguen mainnet with native tokens already running on top of the new implementation of the Cardano network.
Some other implementations include multicurrency node implementations, intermediate wallet backend integration, Daedalus support, token metadata server integration, explorer support for multi-currency, exchanges integration window, ERC-20 converter wallet testing and more.
Native tokens coming to #Cardano: we’ll spin up our pre-production ‘mint’ environment for token creation in December, marking the start of the native asset rollout for Cardano #goguen @Cardano pic.twitter.com/KVElaR4ysi
— Input Output (@InputOutputHK) October 29, 2020
The entire Cardano community is excited about the future of the network and all the new features network can start offering. This is going to make it easier for Cardano developers to launch tokens on top of this network and compete with other blockchains.
According to data provided by CoinMarketCap, Cardano is now the 11th largest virtual currency in the world in terms of market capitalization. ADA has a price per coin of $0.093 and a valuation of over $3 billion. In addition to it, in the last 24 hours, we see the virtual currency experienced a price increase of 0.69% but remains certainly down (-13.54%) compared to 7 days ago.
The new implementations could have a positive impact on Cardano’s price in the coming months.