Cardano [ADA]’s Founder discusses the goals for Marlowe and Plutus

Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach.
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Cardano [ADA]’s Founder discusses the goals for Marlowe and Plutus

Post by howlermunkey » Sun Sep 09, 2018 12:15 pm

On 7th September, Charles Hoskinson, the Founder of Cardano and the CEO of the science and engineering company IOHK streamed a video updated on his official Twitter handle for the community. In the update, Hoskinson spoke about UTXO [unspent transaction output] and Cardano’s inclination towards developing on it.

He initiated by talking about the utilization of UTXO in earlier times when the community wanted to fork Bitcoin. However, accounts came into the picture and people made a paradigm shift in that direction as the latter is simpler to work with. He revealed that the team including himself reimagined the UTXO as an extended model and built the entire smart contract model to achieve that, namely, Plutus and Marlowe.

Discussing Marlowe, Hoskinson explained that it is a templating language of a sort. The CEO said that the financial DSLs are not new and have existed for decades. For instance, Barclays, Microsoft and others make them. Regarding the goal of Marlowe, he added:

“The goal of Marlowe is really about saying – I have a collection of financial transactions and what I want to do is to write those transactions up in a very careful way with the DSL [Domain Specific Language] and because it’s a DSL, I’m gonna be able to write them in a very concise way and a very fast way and I’m gonna be able to test and verify that my intent matches what I’ve actually written.” ... nd-plutus/

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