Cardano developers launch Marlowe to ease smart contract creation

Written by

Written on Jul 5, 2023

Reading time 2 minutes

Input Output Global has launched a new product known as Marlowe.
Marlowe is a toolkit that simplifies the creation of smart contracts in the ecosystem.
Experienced and novice developers can use it to deploy and test these contracts.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Input Output Global, the creator of Cardano, has launched Marlowe, a toolkit to facilitate smart contract creation in the ecosystem. Marlowe is a tool that simplifies how developers and ordinary people with no coding experience can develop, test, and deploy smart contracts.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

Marlowe, which has gone through testing by an external firm, has numerous features like reusable and customizable templates, a built-in simulator to test contracts, easy setup, and powerful APIs.

In a statement in Lisbon, the developers said that they were partnering with TxPipe to offer access to Marlowe Runtime with no set-up and just a few clicks with Demeter Run. Demeter is a platform that provides access to Cardano’s blockchain technology without having to maintain expensive infrastructure. In a note, Omer Hussain, the head of product for Marlowe said:

“We have strived to make a platform that is as easy, efficient, and secure as possible, that opens the gates for developers with amazing ideas to more easily realize the potential of their innovation.”

Cardano’s ecosystem is doing well. A quick look at DeFi Llama shows that the total value locked (TVL) in its DeFi ecosystem, has jumped to an all-time high of 712 million ADA. In dollar terms, the TVL has jumped to over $211 million. Its active users has jumped to over 58k.

However, the most recent Cardano news is that DJED, its stablecoin de-pegged after struggling to maintain its reserve ratio, as we wrote here.