Being the pioneer in the direction of the intelligent contract of the crypto-ecosystem, Ethereum (ETH) still manages the show when it comes to contracts. Once introduced, they were welcome because they are safe, very applicable and have raised the popularity of Ethereum in the sky when it entered a new generation of coins. But, ex-part of the Ethereum project and founder of the ninth largest coin, he works daily to overcome the well-cemented intelligent contract-leader of the verse.
The development of Cardano
Given the birth of research and scientific / philosophical principles, the network is a new currency in the game. Started by one of the co-founders of Ethereum – Charles Hoskinson, it is labeled by many as one of the most promising to choose from and has set itself the goal of becoming a true rival for Ethereum.
Cardano (ADA) has unveiled the use of Marlowe cases, a domain-specific language (DSL) that is aimed at executing Peyton Jones-style financial contracts, among other blockchain researchers. The specular language of the Marlowe domain (DSL), according to IOHK, is modeled as an algebraic type in Haskell, along with a semantic in small executable step.
There is an excellent case for Marlow entering the financial services industry and becoming a killer app which, in turn, would be a threat to Ethereum's dominance and could even make current Escrow transactions and services into things of the past.
If the newly announced language suitable for intelligent contracts provides and makes Cardano a better solution than Ethereum to handle them, this is very well what Mr. Hoskinson mentioned about the position and who should drive the coins. The co-founder mentioned that he has the goal of surpassing Ethereum in about a year.
"Why is someone worthy of their positions in market capitalization? Bitcoin is advertised as a payment system and a medium of exchange, and therefore anyone who has ever tried to use it for this, has been a miserable failure. to take it, or find a way to take money, and through a creative structure like the one Bitpay did.Ethereum claims to be a world computer, but then CryptoKitties interrupts it. "
The last Cardano team announced Icarus while explaining it:
"A reference implementation for a lightweight portfolio developed by IOHK …. Icarus is a completely open source code base that will be the first step in a series of open source initiatives for provide developers with a suite of tools for Cardano. "