The world of cryptocurrencies is one full of opportunities, but until now you have to know the industry like the back of your hand. The developers behind Cardano want to change that. With a new tool you can easily build your own apps on the blockchain, even if you have very little knowledge of programming.
Easily build blockchain apps on Cardano
Input Output Global announced this in a blog article, the most prominent developer on Cardano. With the new toolset ‘Marlowe’ you can quickly and easily put smart contracts on the Cardano (ADA) network yourself. It allows you to create decentralized apps (dApps), websites and completely new platforms.
Here you can ignore a lot of complexity around smart contract jargon, because the tools do that for you. The project supports smart contracts in the programming languages JavaScript, Typescript and Haskell. You can test your projects in the Marlowe Playground test environment. According to Input Output, it is not really necessary to be afraid that they are vulnerable to hacks. Cardano’s Plutus security features that are incorporated into the blockchain should protect you well.
The whole process should be very intuitive, with the graphical user interface helping. You can simply drag the different parts that make up smart contracts together. If you try to do something that would result in a contract not working, the parts simply don’t fit together. Virtually ‘fool-proof’.
Marlowe goes live: be the first to explore the power of #Marlowe‘s smart contract toolset.
Now that Marlowe has been audited & deployed to the #Cardano mainnet, early adopters can begin exploring and testing Marlowe’s high-assurance capabilities.👇 https://t.co/nX1wyUZCLN
— Input Output (@InputOutputHK) June 1, 2023
Cardano network is growing fast
The Cardano network has grown considerably in recent times, in just five months the Total Value Locked (TVL) of ADA in strike contracts up 200%. At the end of last month, this amount stood at $400 million in ADA tokens. The number of transactions and the number of wallets also continues to grow steadily.
Cardano now also has its own stablecoin called Djed. This project was a success immediately after its introduction. The goal is to mimic the value of the US dollar. For every dollar worth of stablecoins, there are four dollars as collateral, which should prevent the token from retaining its value.