Cardano News: Recently, IOHK’s Co-Founder and CEO Charles Hoskinson gave an overview of the work currently being envisioned and which will be done in the next three months, which will lead to the launch of the smart contract functionality on Cardano’s mainnet.



Before we talk about the key takeaways from Hoskinson’s latest update on Cardano in the form of a video posted on his YouTube channel, it may be helpful to provide some background information (taken from the Cardano Foundation website).

What is Plutus?

“One of the important goals of the Goguen era was the creation of Plutus, a purpose-oriented smart contract development language and execution platform using the functional programming language Haskell. Plutus is already available for testing and brings the benefits of functional programming for creating smart contracts. It also allows a codebase to support both on-chain and off-chain components, improving the consistency and usability of the development experience compared to existing smart contract applications. ”

What is the Plutus Pioneer Program?

It is a program at Plutus designed to recruit and train developers for the Cardano ecosystem. When you join this program, you will be part of a group with the opportunity to participate in a series of courses that teach you the basic principles of coding in both Haskelli and Plutus. It will be highly interactive with weekly videos, exercises and Q&A sessions, as well as exclusive access to content creators and key experts in the language. You’ll also be able to join a dedicated community channel created to help pioneers connect while you learn. ”

The first ten-week program “started in early April and will continue until mid-June.” The Cardano Foundation may “open a second group this summer”.

What is Marlow?

“Goguen also includes the work done to make Cardano accessible to a wider audience through Marlowe, and allows previously non-technical finance and business professionals to create smart contracts. Marlowe is a high-level, domain-specific language (DSL) for financial contracts built on Plutus. Marlowe comes with Marlowe Playground, an easy-to-use app building platform that non-programmers can use to create financial smart contracts.

“Marlowe and Marlowe Playground simplify the process of creating smart contracts for financial applications together, allowing subject matter experts to contribute directly without requiring deep programming skills. The combination of Plutus and Marlowe will enable a new class of enterprise-level smart contracts with validated functionality that can support large-scale applications in the real world. ”

Now let’s move on to some key points from Hoskinson’s video, which is an effective promotional for the May 2021 edition of the Cardano 360 Monthly Update Show, which will be broadcast live on YouTube on May 27 at 16:30 (UTC):

Key takeaways from Hoskinson’s Recent Update
Nearly 1,500 people participate in the Plutus Pioneer Program:

“The purpose of the program was to build a foundation so that when Alonzo arrives we will have a group of people to play with it on the foundation, run code, just as we started with testnet promoted for stake pool development.”

“When the program is over, the first step – we call it Alonzo Blue – will turn it into a mass alpha test net from Eight different development companies as well as high performance Plutus pioneers. And the purpose of this is to make sure all the integrations are correct and run real Plutus code on the system. This is basically an acid test and, if true, an attempt to get a better understanding. And we will run this with the first group for a while. ”

“There are also eight development companies that work with IOHK that “come in with fixed cost contracts.” Their task is to “go and write Plutus code and create Plutus applications as tests and tutorials to get a better pedagogical understanding of all design patterns and techniques, common problems and the like.” This is what will happen in the next 30 days. ”

Once stability is established and “the network looks really solid,” the plan for IOHK is to “upgrade the overall testnet with a hard fork defragmenter event to basically run all Alonzo businesses.”

After that takes a few days, IOHK, “exchanges, wallets, custodians, and anyone else who is currently running the Cardano infrastructure, will start negotiations with” integration partners “, and hey to them, you need to be integrated into tetsnet as things are moving so fast. will be called.

Also, “The next wave of Plutus people will be transferred to this public testnet and the goal will be to provide enhanced support.”

And finally, as we near the end of the last 30-day period, IOHK’s goal is to “start a sensible strategy talk about when and how a hard fork combiner [event] is going to be done.”


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