• 23 November, 2024
News

Cardano Launches Marlowe on Mainnet, Paving New Ways For Smart Contracts

Cardano Launches Marlowe on Mainnet, Paving New Ways For Smart Contracts

The Cardano (ADA) community has been excited as the highly anticipated Marlowe has officially launched on the mainnet. This dedicated language has been in development for a considerable amount of time, and its release marks a significant milestone for the protocol. Reportedly, Input Output Global (IOG) announced on Tuesday that early adopters and testers could begin testing and providing feedback. 

Input Output tweeted about the launch of Marlowe:

In the latest development, a domain-specific language (DSL) called Marlowe has been introduced for Cardano’s Proof-of-Stake (PoS) blockchain network, which is known for its scalability. Users could now seamlessly create, launch, and profit from intelligent contracts on the ADA blockchain. Cardano has recently incorporated one of the latest languages and tools into its system. In a groundbreaking development, Marlowe has emerged as a unique smart contract creation tool that differentiates itself from its counterparts. 

In a bid to make financial contracts and agreements more accessible to individuals regardless of their programming background, an initiative has been launched. The ultimate goal is to ensure that these documents are easily accessible. In a remarkable achievement for the Cardano blockchain, the network has maintained its unwavering commitment to innovation, reaching yet another significant milestone on the technical front.

Marlowe has undergone internal and external audits by the software innovation platform tweag, bolstering its confidence in its safety for contract use on the mainnet. The technology harnesses the capabilities of Plutus, delivering robust guarantees through formal verifications, testing, and analytical instruments.

Marlowe not only provides safety but also introduces guardrails into the Cardano ecosystem. According to reports, Marlowe is being presented as a playground providing a simulator environment for testing contracts before deployment on the mainnet with actual funds. The guardrails are said to be in place to facilitate this process. 

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