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Cardano’s third development phase “Goguen” is coming

Charles Hoskinson talks about Cardano’s goal for September. As IOHK’S CEO pointed out, his team will continue to focus on improving the performance of Cardano’s infrastructure in the coming weeks. So IOHK will continue the work of the past few weeks. A few hours earlier, with the release of Node version 1.19 and Daedalus version 2.2, the field had made significant progress again, Hoskinson noted, and was confirmed by the community. The following September roadmap is expected to see further performance improvements, new wallet features and more active marketing. Goguen’s release will make Cardano “extremely competitive” in DeFi, with the first USES such as Stablecoins, Oracles, and offcenter switches already under development.

In September the focus in the Daedalus Wallet area will also be on new features. Multisig, the hardware wallet center, delegation portfolios and the “one-to-many” delegation have the highest priority. Furthermore, Hoskinson also plans to integrate Yubikeys, a QR code center and shielded paper wallets.

Regarding Goguen, Hoskinson announced that
development is in full swing and a detailed roadmap will be released at the end
of September with a rollout date during the monthly IOHK update. The third
development phase of Cardano will add three important components to the
ecosystem. Firstly, IOHK will implement its own native asset standard so that
tokens can be issued on the Cardano blockchain.

Goguen will also lay the foundation for
Plutus, the smart contract platform, and will also introduce the extended UTXO model.
This means that from this point on smart contracts can be developed and
executed on the Cardano blockchain. However, the implementation will not yet
offer the full range of functions, but will create a “low-level” level. The
third component will be the Plutus Application Framework:

And this means that smart vontracts can now
be executed that go beyond simple things and are actually fully programmable.
But this is something like the low-level stuff. So you can write smart
vontracts, but many of the included libraries are not included in this
foundation, mainly because it is a whole ecosystem play. And this ecosystem
play is called Plutus Application Framework.

According to Hoskinson, the rollout of
these three components will make Cardano extremely competitive, especially in
the DeFi sector. IOHK is already talking to partners to identify the first
useful use cases, such as stablecoins, oracles and decentralized exchanges. In
addition, IOHK is already working with these partners on a strategy for the rollout,
although no official announcements can be made at this stage.

Once you have these three things, we are
extremely competitive for DeFi. There will be a lot of cool things that will
make Cardano the desired platform for a beautiful DeFi portfolio.

Another focus in September will be the
marketing for Cardano. As Hoskinson explained, marketing activities are to be
ramped up. To this end, a new marketing manager has been hired at IOHK, who
will start his work in September.

Marketing comes and it comes with full
force. September will be the first month that we start to ramp this up, and
we’ll really see the impact in October, November and beyond.

Author : Jake Simmons

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