The blockchain research company IOHK has announced new tools for writing smart contracts for Cardano’s blockchain. The new implementations have been called Plutus and Marlowe and have been launched as a test. In this way, it would be possible for companies to prepare blockchain contracts on top of Cardano’s network. The information was released a few days ago in a press release.
Cardano Has Two New Smart Contract Tools
Plutus will be providing a new general purpose programming language. With it, fintech developers will have the possibility to write secure and robust smart contracts on top of Cardano’s blockchain network.
At the same time, there is an easy-to-use testing environment for Plutus, that is called Plutus Playground. Users would be able to deploy these contracts on the blockchain itself. Charles Hoskinson, the founder of Cardano, wrote on Twitter that it is possible for users to test Plutus.
Interested in Writing Plutus Smart Contracts? Try Plutus Playground https://t.co/lpvC2cLjaE
— Charles Hoskinson (@IOHK_Charles) December 11, 2018
Furthermore, Marlowe has been created to generate code and create software products. This tool has been specifically created for professionals that have no programming background. It will also be very useful for those working in the financial world. According to the press release, Marlowe includes a web-based testbed called Meadow.
IOHK CEO Charles Hoskinson commented about it:
“We’re really excited to release testbeds of Plutus and Marlowe so developers, finance professionals, and academics can test how they can use smart contracts on Cardano. Both technologies are a major step forward for the blockchain industry.
These new tools have been designed by a group of experts that focus on avoiding bugs and other issues. Cardano has always been a network that focuses on a few things but it always offers high-quality products and services.
“They have been rigorously designed by a team of leading experts in programming language design, with the aim of reducing the kinds of software bugs that have led to huge losses totaling hundreds of millions of dollars,” Hoskinson said.
Cardano’s philosophy combines academic rigor and the formal discipline and correctness of Haskell. Everything built by a team of experts that provide reliability and security to Cardano.
ADA, the virtual currency associated with the Cardano network, is the 11th largest virtual currency. It has a market capitalization of $767 million and each coin can be purchased for $0.029.
Learn More
Cardano is a high-profile project. To learn the latest, check UseTheBitcoin for breaking and important Cardano news and analysis like how Michael Parsons’s departure might affect the project, or founder Charles Hoskinson’s project updates. Also check why eToro said Cardano is among the most exciting projects in crypto.
Interested in investing in ADA? Do your own research first. And then check out our ADA Price Prediction article. You can learn how to buy ADA on Binance using our guide, and how to store Cardano tokens in a new wallet.
