IOHK revealed that the Giguen mainnet is slated for launch in March 2021, giving some good news to the community members.
Goguen platform would be a substantial move for the Cardano network as the users would build decentralized applications with ease. It also gives extended features like a multi-asset ledger.
The Goguen roadmap is all set to trigger the Cardano community as crypto watchers were awaiting the details of the Cardano mainnet launch eagerly.
Goguen, is set to launch next year following the first two phases Byron and Shelley. While there were some hitches and delays in the Shelley release, the Cardano community was eagerly waiting for the Goguen rollout details.
IOHK also revealed the new language Plutus with which the smart contract developers would be able to build efficiently. The single codebase would facilitate the off and on-chain components, creating a more seamless development experience, which is much improved than the currency smart contract implementation.
Plutus: The New Smart Contract Languege
Plutus language comes with an array of benefits for the developers, including wider interoperability with the contracts. The Goguen platform would help developers write smart contracts in various languages unlike Ethereum in which only Solidity language is supported.
Marlow, the Domain Specific Language would also be available on the platform, which would help the common non-technical people to use and build smart contracts in the Goguen platform. The Cardano community is much optimistic about the implementation and reach of the smart contract development having real-time implementations with this language.
Goguen To Take On Ethereum
As per the roadmap, quarter one of 2020 would bring some monumental changes to the Cardano development; the CEO Charles Hoskinson also advocated that by March 2021, the Goguen platform would be launched, the network would presumably be completely decentralized.
Goguen platform is indeed going to increase the efficiency of the Cardano network with its enhanced capability to build more substantial decentralized apps. The
The Director of marketing and Hosting Tim Harrison hosted the Cardano Development October Update in which he shared the update on the ERC-20 convertor, which called out for the various Ethereum projects to switch to Cardano. Also, strengthening the stance Vilasin Vikoje, the ex COO of Tenderly, showed how to use the ERC-20 converter for converting BAT, AGI, USDC, and DAI.
Disclaimer
The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserve
