• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America

New Cardano Roadmap Puts March 2021 Date For Goguen Mainet Rollout

Samuel Wan by Samuel Wan
3 years ago
in Cardano
Reading Time: 3 mins read

IOHK fired up the Cardano community by releasing details of the Goguen roadmap yesterday. After the successful rollout of Shelley, many look to Goguen as the final hurdle before challenging Ethereum on level ground.

The roadmap puts the Goguen mainnet launch at around March 2021. Considering the frequent delays to Shelley, this represents an ambitious but welcome call.

Cardano Goguen roadmap

Source: twitter.com

Cardano Gunning For Ethereum

Goguen is a significant leap forward in the capabilities of the Cardano network. With it comes the ability to build decentralized applications and a whole host of other features, including a multi-asset ledger.

Developers, IOHK have gone to great lengths to cater to both technical and non-technical users. This will see the use of a new smart contract language in Plutus. It gives programmers a smart contract platform with functionality built into, or “native” to, the ledger itself.

“It also allows one code base to support both on and off-chain components, improving the coherency and usability of the development experience compared with existing smart contract implementations.”

This contrasts with Ethereum’s ERC-20 “contract standard,” which works through copy-pasting proforma code and modifying it to fit requirements.

There are several advantages to Plutus, including wider interoperability with other smart contracts. But the critical difference is that Goguen allows for smart contracts to be written in different languages. In comparison, Ethereum smart contracts use Solidity only.

As well as that, there’s Marlowe, a high-level domain specific language (DSL) built on top of Plutus. It will enable everyday people with no technical expertise to create smart contracts. Cardano hopes this will cultivate a new class of enterprise-level smart contract development with real-world use.

Who Is Jumping The Ethereum Ship?

IOHK released Goguen’s details via the Cardano Development October Update hosted by Marketing & Communications Director Tim Harrison.

The update included a section on the up and coming ERC-20 converter, which encourages Ethereum ERC-20 projects to port over to Cardano.

During the broadcast, Vukašin Vukoje, the former COO of Tenderly, an Ethereum monitoring platform, demonstrated using the ERC-20 converter. It showed options for converting BAT, DAI, AGI, USDC, and USDT.

“There are three ways in which our partner can convert their tokens. The first one would be by airdropping on the destination network, basically cloning the token. The second one would be by burning the token on the source network and creating one on the destination network. And the third one would be by locking the token on the source network and releasing it on the destination network.”

Cardano erc-20 conveter screenshot

Source: youtube.com

SingularityNET CEO Ben Goertzel has already spoken about his reasons for moving AGI tokens from Ethereum to other blockchains.

But the real surprise was the inclusion of DAI, USDC, and USDT. What’s more, as stablecoins, does this give insight into Cardano’s DEX ambitions?

The end of Q1 2021 represents a pivotal period in Cardano’s development. Not only is Goguen scheduled for rollout, but IOHK CEO Charles Hoskinson estimates the network will be fully decentralized by then as well.

Cardano daily chart

Source: ADAUST on Tradingview.com
Tags: ERC20 ConverterGoguensmart contract
Tweet123Share196ShareSend
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Related Posts

Cardano

Is Cardano Poised for A Price Surge? A Look At Its Tight Consolidation

2 weeks ago
Cardano

Cardano Surpasses 500 Million ADA In TVL – How About Its Impact On Price?

2 weeks ago
Cardano

Cardano Price Rejected at $0.36, How Long Will The Correction Last?

3 weeks ago
Cardano ADA

Cardano (ADA) Bounces Back From The Red Zone, Will It Continue Minting Gains?

3 weeks ago
Cardano

Cardano May Sink To This Level As Bears Keep Gaining Leverage

3 weeks ago
Cardano

Cardano DeFi Steals The Show, Outperforms The Market With Explosive Transaction Growth

4 weeks ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    4 days ago
  • Willing to buy new crypto: Here are the best 10...

    5 days ago
  • Best Crypto Meme Coin Presales in 2023

    5 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • Sphere Financial Inc: Transforming the World of Finance...

    12 hours ago
  • As Pepe (PEPE) Hype Becomes History, DigiToads (TOADS)...

    16 hours ago
  • InQubeta (QUBE) Could Overtake Aave (AAVE) in Market Cap...

    16 hours ago
  • AI Analytics: SingularityNET, Ripple, and The Sandbox Top...

    17 hours ago
  • According to experienced traders, Aave (AAVE) and InQubeta...

    21 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.