Main navigation

Cardano Financial Smart Contracts Platform Marlowe Now Available on Mainnet: Details

Tue, 05/30/2023 - 14:16
article image
Tomiwabold Olajide
Cardano community excited about new development
Cardano Financial Smart Contracts Platform Marlowe Now Available on Mainnet: Details
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Cardano builder Input Output Global (IOG) has announced the exciting news that Marlowe, a platform for financial products as smart contracts, is now available on mainnet for early adopters to start testing and providing feedback.

Marlowe, which allows users to create and deploy smart contracts on Cardano, is also available in pre-production and preview testing environments. Marlowe joins the growing family of languages and tools available on Cardano, offering a toolkit for creating, deploying and monetizing smart contracts.

IOG also adds an exciting update that Marlowe has been audited both internally and externally by tweag, a blockchain technology firm, increasing assurance of a safe environment for contract use on the mainnet. IOG promises to publish the report soon.

According to the Cardano builder, Marlowe is a set of tools that enables the development, integration and deployment of smart contracts on Cardano. Unlike existing smart contract creation tool sets, Marlowe does not require specialized programming skills to prototype and bring smart contracts to market rapidly. The Web3 community and newcomers can also find it useful.

Cardano: What Happened in 2022? IOG Shares Highlights of Landmark Year

The Marlowe Playground is a plug-and-play smart contract builder that offers a simulator environment to test contracts before deploying them on the mainnet with real funds. It leverages the power of Plutus and is also compatible with JavaScript and Haskell, thus allowing for seamless integration of smart contracts into dApps.

The Cardano community is excited about the new development. Rick McCracken DIGI, a Cardano SPO, believes this might be a game changer for Cardano. "Marlowe is a domain-specific language designed for finance experts, with the intent for non-programmers to write financial smart contracts. I'm curious to hear feedback and see use cases from non-programmers/financial experts. This could be a game changer," he tweeted.

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.