{"id":464664,"date":"2021-05-27T22:20:45","date_gmt":"2021-05-27T22:20:45","guid":{"rendered":"https:\/\/wncen.com\/?p=464664"},"modified":"2021-05-27T22:24:57","modified_gmt":"2021-05-27T22:24:57","slug":"cardano-smart-contracts-marlowe-run","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-smart-contracts-marlowe-run\/","title":{"rendered":"Cardano Developer Unveils Smart Contracts Platform Rollout Plan"},"content":{"rendered":"
Cardano\u2019s developer Input Output Global (IOG) has made several important announcements<\/a> on the platform\u2019s next update. Schedule to be implemented with Hard Fork Combinator event \u201cAlonzo\u201d, this new era will mark the beginning of Cardano\u2019s smart contract capabilities.<\/p>\n IOG reveal<\/a> \u201cAlonzo\u201d rollout plan with an initial phase in June expanding to its full deployment in September 2021. Formed by a series of color-coded testnets, IOG has started with test Alonzo Blue. This first phase will be conducted with a pioneer task force, initial partners, and a spin-up with core stakepool operators.<\/p>\n The testnet will check basic network functionalities. Alonzo Blue will have the first exercise on this test phase with the Hard Fork node to Alonzo and initial distribution of ADA to stakepool operators simple Plutus scripts.<\/p>\n Later, IOG will launch Alonzo White with more partners involved,<\/a> demo dApps, integration with WBE and PAB, benchmarks, and more participation from around 500 community members, pioneers, stakepool operators (SPO).<\/p>\n This testnet will allow partners and pioneers to run their scripts on the network with the first benchmarking basic dApps for versions of Uniswap<\/a> and stablecoins. In addition, Alonzo White will introduce the first exchanges integrated with the Rosetta framework, a mechanism created by Coinbase to facilitate adding tokens to these platforms.<\/p>\n After that, in August, Alonzo Purple will launch the first public testnet with all Pioneers \u201conboarded\u201d with the partners dApps. During this phase, components Daedalus Flight and Explorer will be tested alongside the stability of the platform.<\/p>\n Finally, Alonzo will have two small stages called Red and Black, but Alonzo Purple will \u201cpretty much\u201d have Plutus and smart contracts ready for the HFC event in the final month of Q3, 2021.<\/p>\n In separate news, IOG launch Marlowe Run, a prototype app to facilitate the use of smart contracts. Users won\u2019t require technical experience with blockchain, according to the official announcement. Cardano\u2019s developer said:<\/p>\n The app incorporates the full, industry standard, ACTUS library of financial contracts. Being blockchain-based, it promises benefits in terms of cost, efficiency and security. It is populated with contract templates which have been written and tested by ACTUS experts.<\/p><\/blockquote>\n Marlowe is a programming language with the special purpose of building financial contracts on Cardano. Unlike other programming languages, Marlowe<\/a> will be \u201ceasy to read\u201d, write and comprehend.<\/p>\n Thus, financial agreements will be settled on this blockchain without the need for a third party\u2019s intervention. IOG seeks to \u201ctransform\u201d the way businesses are conducted around the world.<\/p>\n ADA trades at $1,68 with small losses in the past day and an 11.1% profit in the weekly chart. In the 30-day chart, ADA still records a 36.5% profit after the cryptocurrency reached the important psychological mark of $2.<\/p>\nCardano, Where Everyone Will Use A Smart Contract?<\/h2>\n