{"id":7009,"date":"2018-04-30T00:48:41","date_gmt":"2018-04-30T00:48:41","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=7009"},"modified":"2018-04-30T01:08:49","modified_gmt":"2018-04-30T01:08:49","slug":"innovative-features-to-be-implemented-by-cardanos-goguen-project","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/innovative-features-to-be-implemented-by-cardanos-goguen-project\/","title":{"rendered":"Cardano\u2019s Goguen Project To Implement Innovative Features"},"content":{"rendered":"

\"\"Earlier in January, IOHK (Input Output Hong Kong) founder Charles Hoskinson had spoken about the possible implementation of smart contract facility in Cardano, roughly in Q4 2018.<\/p>\n

In this regard, Gerad Morroney, a project manager at IOHK, provided an update regarding Cardano\u2019s smart contract facility, which will be built as a part of a project named Goguen. <\/p>\n

The project has been designed to boost the existing capabilities of Cardano (ADA)<\/a>. The team is planning to create an additional computational layer on which smart contracts will be executed.<\/p>\n

The features that will be implemented by Goguen project is as follows:
\n\u2022 Sidechains \u2013 would enable moving tokens between blockchains without priority.
\n\u2022 Plutus \u2013 General purpose language for writing smart contracts.
\n\u2022 Marlowe – smart contracts language designed for financial transactions
\n\u2022 Multi Currency \u2013 facilitate multiple cryptocurrencies on a single ledger
\n\u2022 Accounting \u2013 will support UTXO and account-based transactions.
\n\u2022 IELE \u2013 a Virtual machine [VM] with universal language framework for smart contract transactions.
\n\u2022 Developers \u2013 Tools to develop smart contracts.
\n\u2022 End Users \u2013 Allow users to execute smart contracts.<\/p>\n

Presently, the Cardano team has finished research in sidechains, multicurrency, and accounting. Work related to Plutus is also completed. Furthermore, the team has released the version 1.2 of Marlowe as well as its academic paper. Solidity to IELE translator is being worked, while the first version of IELE VM has been finished. Notably, Adapt Mantis, the Ethereum Classic client built by IOHK to work with K- EVM, a stack-based machine, and IELE VM is also being developed.<\/p>\n

K-EVM will be released when the first testnet goes live on May 28. K-EVM enables developers to understand the practical application of formal semantics by interacting with VM (virtual machine) and executing solidity contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Earlier in January, IOHK (Input Output Hong Kong) founder Charles Hoskinson had spoken about the possible implementation of smart contract facility in Cardano, roughly in Q4 2018. In this regard, Gerad Morroney, a project manager at IOHK, provided an update regarding Cardano\u2019s smart contract facility, which will be built as a part of a project […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-7009","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"\nCardano\u2019s Goguen Project To Implement Innovative Features<\/title>\n<meta name=\"description\" content=\"Gerad Morroney, a project manager at IOHK, provided an update regarding Cardano\u2019s smart contract facility, which will be built as a part of a project named Goguen. The project has been designed to boost the existing capabilities of Cardano (ADA).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/innovative-features-to-be-implemented-by-cardanos-goguen-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano\u2019s Goguen Project To Implement Innovative Features\" \/>\n<meta property=\"og:description\" content=\"Gerad Morroney, a project manager at IOHK, provided an update regarding Cardano\u2019s smart contract facility, which will be built as a part of a project named Goguen. The project has been designed to boost the existing capabilities of Cardano (ADA).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/innovative-features-to-be-implemented-by-cardanos-goguen-project\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-30T00:48:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-30T01:08:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/cardano.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/innovative-features-to-be-implemented-by-cardanos-goguen-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/innovative-features-to-be-implemented-by-cardanos-goguen-project\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"Cardano\u2019s Goguen Project To Implement Innovative Features\",\"datePublished\":\"2018-04-30T00:48:41+00:00\",\"dateModified\":\"2018-04-30T01:08:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/innovative-features-to-be-implemented-by-cardanos-goguen-project\\\/\"},\"wordCount\":285,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/innovative-features-to-be-implemented-by-cardanos-goguen-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/cardano.jpg\",\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/innovative-features-to-be-implemented-by-cardanos-goguen-project\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/innovative-features-to-be-implemented-by-cardanos-goguen-project\\\/\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/innovative-features-to-be-implemented-by-cardanos-goguen-project\\\/\",\"name\":\"Cardano\u2019s Goguen Project To Implement Innovative Features\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/innovative-features-to-be-implemented-by-cardanos-goguen-project\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/innovative-features-to-be-implemented-by-cardanos-goguen-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/cardano.jpg\",\"datePublished\":\"2018-04-30T00:48:41+00:00\",\"dateModified\":\"2018-04-30T01:08:49+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"description\":\"Gerad Morroney, a project manager at IOHK, provided an update regarding Cardano\u2019s smart contract facility, which will be built as a part of a project named Goguen. 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