Big news keeps coming to Cardano, which yesterday announced a new programming language, called Glow, now available on devnet.
Aparna Thurs, IOHK Product Manager, said:
“Interoperability is a key focus for IOHK. We believe that mainstream blockchain adoption will be driven by the industry providing broad compatibility, breaking down barriers between individual blockchains and their native programming languages, allowing a wide range of developers to onboard. This is why languages like Glow are such an important piece of the Cardano puzzle. Our devnet program has allowed us to test and improve smart contract development like never before, with a variety of different languages for developers to explore. These include Plutus, which will be a language for building blockchain-based applications in a number of industries, and Marlowe, a domain-specific language that could be a game changer for the financial industry, underpinning an entirely new global financial system. "
The Glow language developed by Cardano
IOHK has announced that the new programming language is open source and allows to reduce the lines of code from 100 to 20.
Glow was created to work with any blockchain so that a developer can decide which blockchain they want to create their applications on and not be limited by the programming language.
Helping IOHK in this task was startup MuKn, which launched Glow on the Ethereum Virtual Machine (EVM) which so far only allows writing in Solidity.
Francois-Rene Rideau, co-founder of MuKn, explained:
“Writing a DApp is the hardest thing to do, because you can't afford any mistakes. Errors can mean a significant loss of user funds, with active adversaries looking for them. Existing development tools weren't up to the task of creating secure DApps in this harsh environment, so MuKn decided to build those tools with Glow. IOHK is a great partner for us because both companies are based on the principle of thinking long term rather than what only works today. We want to build on stone, not on quicksand ”.
Dubai fund bets on Cardano
FD7 Ventures, an investment fund based in Dubai, has decided to invest 75% of its portfolio in Cardano (ADA) and Polkadot (DOT). The investment would be equal to $ 750 million that the fund currently holds in Bitcoin.