Cardano’s (ADA) Marlowe To Bring Simplicity Into Financial Smart Contracts
Cardano (ADA) is becoming the next thing to watch in the blockchain industry going by its height of development in recent time. Not long, some team members behind the technology converged at Google’s London Office to open the eyes of curios enthusiasts to Cardano’s latest development and prospects.
Shortly after the meeting, Cardano lovers from far and wide inferred that they are smelling a possible partnership with Google, who invited Cardano to its office to enlighten the yarning crypto populace on some gray areas.
Cardano’s Marlowe Is Next Big Thing
To add to its glory, Cardano updated its roadmap, inserting a new language called Marlowe, a financial domain specific language (DSL) on the blockchain.
Marlowe will allow businesses to execute financial smart contracts on the Cardano infrastructure provided necessary conditions stated by Cardano are met.
An explanation by Cardano team indicated that the language is embedded in Haskell and implements a step computational semantics approach.
The roadmap declares that “Marlowe interacts with real-world data and state to enable the expression of smart contacts on top of an accounting model and an unspent transaction output (UTXO) model”.
The language, which is 30 percent complete, will provide a capability for business users to prove that financial smart contracts will do what they are expected to do.
Heard About Plutus Core?
Also, in the updated roadmap, Plutus Core was mentioned. The language is to carry on with the simplicity of Cardano settlement layer, using only one simple scripting language, with very simple interaction between scripts and the blockchain.
The road map reads: “It is highly expressive yet simple and secure. It is based on well-understood ideas from programming language theory, for example, pure functional programming, which will enable verification techniques to ensure correctness of scripts. Plutus Core is not designed to be written directly by programmers, but to be a target for compilers, including the Plutus language”.
The Plutus Core is going to be use at the computation layer. It will also have richer interactions with the blockchain, giving it the advantage to be used for sophisticated smart contracts.
Conclusively, Cardano is doing fantastic. The team behind the blockchain technology have tabled numerous steps to be taken to make it flourish and stand out in the face of competitors.