Cardano's Goguen era

Mar 24, 2022
3 min read

This blog post will cover:

  • What is the Goguen era?
  • Expectations of the сrypto сommunity

Cardano is a Proof-of-Stake blockchain network. It is currently on its way to the creation of a platform meant for decentralized application development. The next step to the big goal is the Goguen era. This era will follow the Cardano Shelley era, which is in effect now.

The launch is expected in the second quarter of 2021. However, IOHK CEO Charles Hoskinson is very careful about specific dates saying that there is still a lot of work to be done. So he prefers to announce the stages of the project gradually. For example, in February the Mary hard fork should happen and introduce the “native multi-asset support” to the Cardano network.

What is the Goguen era?

The new era will bring the implementation of smart contracts and the ability to create decentralized applications.

One of the main goals of the Goguen era is to create a Plutus platform. It is a smart contract platform that is going to give an opportunity for developers to create applications on the Cardano blockchain. Plutus contracts will be divided into two parts: on-chain and off-chain. The off-chain part is supposed to be run on the user's computer. 

In one of the latest videos devoted to the Goguen era, Charles Hoskinson also mentions that new changes will go side by side with the launch of a K Ethereum Virtual Machine or KEVM. It will help to transfer applications from the Ethereum to the Cardano network.

The other goal of the Goguen era is to attract a larger audience. Experts in business and finance will get an opportunity to create smart contracts regardless of their technical knowledge. This will be achieved with the help of the Marlowe programming language, which is a specific language for creating financial smart contracts. According to the Cardano Roadmap, it wouldn’t require deep programming skills to use it.
One more feature is that users will be able to create natively supported tokens. This is a response to the worldwide tokenization of different assets. Moreover, it brings more possibilities to apps developers.

Expectations of the сrypto сommunity

Everything that is coming for the network is meant to attract more audience and give users more instruments to create. Therefore it is expected that it will have a positive influence on the Cardano price. Upcoming changes are seen optimistically by the crypto community, as we can judge by the opinions on Twitter.

© Twitter

As we know even the smallest changes in the Crypto World have an influence on the cryptocurrency price. Cardano is going through a major change, which will definitely bring lots of opportunities. So far optimists see a place where the ADA price should go up. Hopefully, new implementations will do the job.

SimpleSwap kindly reminds you that this article is provided for informational purposes only and does not provide advice on investment. All purchases and cryptocurrency investments are your own responsibility.

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