Cardano’s latest news with Glow and the Dubai fund
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Big news from Cardano, which yesterday announced a new programming language, called Glow, now available on the devnet.
Aparna Jue, Product Director at IOHK, 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 broad range of developers to onboard. This is why languages like Glow are such an important piece of the Cardano puzzle. Our devnet programme 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 across a number of industries and Marlowe, a domain specific language which could be a game changer for the financial industry, underpinning a whole new global financial system”.
The Glow language developed by Cardano
IOHK has announced that the new programming language is open source and allows lines of code to be shortened 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) that so far only allows writing in Solidity.
Francois-Rene Rideau, co-founder of MuKn, explained:
“Writing a DApp is the single hardest thing to do, because you can’t afford any mistakes. Mistakes may mean a significant loss of user funds, with active adversaries looking for them. Existing developer tools didn’t measure up to the task of creating secure DApps in this adversarial environment, so MuKn decided to create those tools with Glow. IOHK is a great partner for us because both companies are founded on the principle of thinking in the long term rather than what only works for today. We want to build on stone, not quicksand.”
Dubai fund bets on Cardano
FD7 Ventures, a Dubai-based investment fund, has decided to invest 75% of its portfolio in Cardano (ADA) and Polkadot (DOT). The investment would be equivalent to $750m the fund currently holds in Bitcoin.
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