Cardano’s Marlowe Is Better For DeFi Compared To Ethereum’s Solidity
The online publication Crypto News Flash addressed the fact that Cardano’s Marlowe is better for the DeFi movement compared to Ethereum’s Solidity.
Just the other day, it’s been revealed that Charles Hoskinson retweeted a post from IOHK about Marlowe, and you can check it out below:
NEW BLOG: Marlowe is our language for financial contracts and a platform for #DeFi that supports direct, peer-to-peer lending, contracts for difference (CFD), and more https://t.co/DK4pajZEH6 @Cardano #Cardano
— Input Output (@InputOutputHK) October 8, 2020
In a new post, professor Simon Thompson, Senior Research Fellow at IOHK, introduced the Domain Specific Language (DSL) called “Marlowe.”
Marlowe will be published with Goguen
This will be published with Cardano’s next era, Goguen.
As we’ve said before, Marlowe is a programming language for “financial contracts,” but not for smart contracts in general.
This is the main reason for which it’s different from general-purpose blockchain languages such as Bitcoin Script and Ethereum’s Solidity.
Thompson said the following:
“Marlowe is industry-scale. We have built Marlowe contracts based on examples from one of the leading projects for financial smart contracts, the Algorithmic Contract Types Unified Standards (Actus) system.”
He continued and explained that “Currently, these and other examples can be seen in the Marlowe Playground, a browser-based environment in which users can create, edit, simulate, and analyze Marlowe contracts, without having to install or pay for anything.”
We recommend that you check out the original article in order to learn more available details.
ADA in the crypto market
The crypto market saw a boom, and ADA’s price also got a boost.
At the moment of writing this article, ADA is trading in the green, and the digital asset is placed on the 9th position on CMC.
ADA is now trading at $0.107085, and it’s up by more than 11% in the past 24 hours.
Stay tuned for more Cardano-related news.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.