Cardano (ADA), a Layer 1 proof-of-stake (PoS) blockchain technology, has disclosed the most recent advancements made to Marlowe, its environment for building smart contracts. According to an update from Input Output Hong Kong (IOHK), the core protocol team is hard at work expanding the run time to accommodate more features.
The team’s efforts to enhance the protocol’s playground and companion explorer were also mentioned in the post. Marlowe’s recent mainnet launch is evidence of how active Cardano’s developer community is and how eager they are to make improvements to the protocol in order to better serve users.
Cardano has long taken pleasure in being the upcoming important blockchain network to pay attention to. Cardano is a platform that supports smart contracts, however it trails behind Ethereum (ETH) and Solana (SOL) in terms of deliverables and real on-chain figures, despite boasting a number of significant advancements to outperform its competitors.
Consider the total value locked (TVL) in decentralised finance (DeFi): whereas Ethereum’s stats are $22 billion, Cardano’s TVL is just $162 million. When the total number of smart contracts on both systems is examined, a glaring discrepancy becomes apparent.
Changing status quo
Long term, the enormous size gaps between Cardano and Ethereum are likely to narrow as the latter focuses on enhancing every part of its network. While the Marlowe development will support the growth of Cardano’s decentralised apps (dApps), other breakthroughs, such as Hydra, may ultimately tip the scales in favour of the blockchain.
Cardano’s Hydra is advertised as a Layer 2 scaling solution, comparable to Ethereum’s zkSync, Arbitrum, and Polygon zkEVM at the moment. Overall, Cardano is promoting its own distinctive innovation to increase business acceptance and promote usage all around.
