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Marlowe is a new language developed by IOHK for writing and executing financial contracts on blockchain. It is a domain-specific language (DSL) designed for the financial industry. Read our Marlowe explainer to learn more or jump straight into our Marlowe tutorials.

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Marlowe offers financial contracts for blockchain that everyone can code. It is a domain-specific language (DSL) for writing and executing financial contracts that allows users to apply their domain expertise to write and manage contracts conveniently, without the steep learning curve associated with software development, blockchain, or smart contracts. With Marlowe, you can learn how to model financial products using this easy-to-learn language. It is a platform for decentralized finance (DeFi) that supports direct, peer-to-peer lending, contracts for difference (CFD), and other similar instruments. Marlowe contracts are straightforward as they are optimized for financial transactions, development platforms, and ensure a fast track for financial service providers to build expertise in smart contracts and blockchain technology.

As a special-purpose language, it is easier to read, write, and understand Marlowe contracts. It is also safer: some errors are impossible to write, and we can completely analyse contract behaviour without having to run a contract.

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Marlowe

Cryptoslate

Are all smart contracts created equal? How top Turing-complete blockchains compare

<div>
 <div>
 <p>
 </p><h2>Key Takeaways</h2>
 <p></p>
 <div>
 <ul>
 <li>Cardano aims to revolutionize finance with scalability and eco-friendliness, while Bitcoin seeks to establish decentralized peer-to-peer transactions.</li>
 <li>Cardano's PoS offers energy-efficient token creation, contrasting with Bitcoin's energy-intensive PoW, showcasing their environmental differences.</li>
 </ul>
 </div>
 </div>
 <section>
 <p><span>Cardano and <a target="_blank" href="https://coingape.com/price/bitcoin">Bitcoin</a> are both digital currencies, but also have unique variations in their structure, objectives, and technological features. Although they both use blockchain technology, they vary in several ways. </span></p>
<p><span>By understanding these distinctions, you can make informed choices about which cryptocurrency best fits your objectives and preferences. Let’s examine the specifics and investigate the main distinctions between the two digital assets.</span></p>
 </section>
 <section>
 <h2>Cardano Vs Bitcoin : Purpose and Vision</h2>
 	 <p><span>Cardano seeks to revolutionize the financial industry by providing a scalable and environmentally friendly platform for <a target="_blank" href="https://coingape.com/glossary/decentralized-applications-dapps/">decentralized applications (dApps)</a> and smart contracts. The creator of Cardano, Charles Hoskinson, sees it as a comprehensive ecosystem that aims to empower people and organizations globally. The main emphasis is on combining regulatory compliance, scientific philosophy, and cutting-edge technology to establish a secure and adaptable blockchain network.</span></p>
<p><span>The mysterious <a target="_blank" href="https://coingape.com/glossary/satoshi-nakamoto/">Satoshi Nakamoto</a> introduced Bitcoin, the initial decentralized cryptocurrency. Its main goal is to function as a digital currency for peer-to-peer transactions, enabling individuals to make direct transactions without the need for third parties. The primary objective of Bitcoin is to establish a financial system that is open and resistant to censorship, free from control by any centralized authority. It changed the idea of scarcity in the digital realm by introducing the notion of a finite number of coins, achieved through the mining process.</span></p>
 </section>
 <section>
 <h2>Consensus Mechanism</h2>
 	 <p><span>So, how does Bitcoin work? Bitcoin uses the Nakamoto Consensus, a <a target="_blank" href="https://coingape.com/glossary/proof-of-work-pow/">Proof-of-Work</a> (PoW) system, to establish agreement among network members. Miners engage in competition to solve intricate mathematical challenges, with the winner being able to append the following block to the blockchain. This procedure demands significant computational power as well as energy consumption. Although Proof-of-Work has shown security, it has faced backlash for its environmental consequences stemming from high energy consumption</span></p>
<figure><img src="https://coingape.com/wp-content/uploads/2024/04/Screenshot-2024-04-08-at-14.55.08.png" alt="Proof-of-Work (PoW)" srcset="https://coingape.com/wp-content/uploads/2024/04/Screenshot-2024-04-08-at-14.55.08.png 1025w, https://coingape.com/wp-content/uploads/2024/04/Screenshot-2024-04-08-at-14.55.08-300x86.png 300w, https://coingape.com/wp-content/uploads/2024/04/Screenshot-2024-04-08-at-14.55.08-768x221.png 768w, https://coingape.com/wp-content/uploads/2024/04/Screenshot-2024-04-08-at-14.55.08-150x43.png 150w" /><figcaption>Proof-of-Work (PoW) (Soure: Bitcoin)</figcaption></figure>
<p><span>Cardano uses a unique method for token creation, given that it operates as a <a target="_blank" href="https://coingape.com/glossary/proof-of-stake-pos-lets-explore-this-blockchain-consensus-mechanism/">proof-of-stake</a> digital currency. The distribution of rewards to miners is accomplished through the utilization of the <a href="https://cardano.org/ouroboros/" target="_blank">Ouroboros</a> consensus system. In this arrangement, the platform selects slot leaders. The leaders will verify blocks for the chain in every time slot. Cardano needs a small number of slot leaders in every period, and there is a decreased necessity for using higher-grade or costly materials during mining.</span></p>
 </section>
 <section>
 <h2>Scalability</h2>
 	 <p><span>Cardano was created with scalability as a priority, incorporating a layered architecture. The Cardano Settlement Layer (CSL) manages ADA transactions, while the <a target="_blank" href="https://coingape.com/price/cardano">Cardano</a> Computation Layer (CCL) enables smart contracts and dApps. This division enables Cardano to enhance or improve each layer separately, avoiding congestion and bottlenecks. Moreover, Cardano also includes a consensus mechanism known as Hydra that is designed to further enhance scalability.</span></p>
<p><span>On the flip side, Bitcoin has encountered issues with scalability because of its restricted block size and block time. During periods of high demand, the network may experience congestion due to the limited number of transactions that can be accommodated in each block. This scenario frequently leads to increased transaction costs and extended confirmation durations. Several proposed solutions, like the Lightning Network, aim to resolve this problem, but are currently in the early phases of development</span></p>
 </section>
 <section>
 <h2>Smart Contracts and dApps</h2>
 	 <p><span>Cardano stands out for its ability to support <a target="_blank" href="https://coingape.com/glossary/smart-contract/">smart contracts</a>, which are contracts that can execute themselves based on predetermined conditions. Cardano provides two programming languages, Plutus and Marlowe, for creating smart contracts. Plutus is a versatile coding language, much like Ethereum’s Solidity, enabling developers to create intricate and personalized dApps. On the contrary, Marlowe is tailored for developing financial contracts with predetermined templates and easy-to-use interfaces.</span></p>
<p><span>Bitcoin, in its purest form, lacks the built-in smart contract capabilities that Cardano possesses. Although Bitcoin’s scripting language enables simple conditional transactions and multisig wallets, it does not provide the same extent of features as <a href="https://coingape.com/price/ethereum/" target="_blank">Ethereum</a> or Cardano. Nevertheless, advancements such as Rootstock (RSK) have been created as sidechains to allow smart contract capabilities on the Bitcoin network, although sacrificing some decentralization</span></p>
</section>
 <section>
 <h2>Governance</h2>
 	 <p><span>Cardano’s approach to governance focuses on a decentralized process for making decisions. It utilizes the<a target="_blank" href="https://coingape.com/cardanos-top-improvement-proposal-unveils-next-steps/"> Cardano Improvement Proposal</a> (CIP) system, in which stakeholders can suggest alterations or enhancements to the network. These suggestions go through a voting stage, enabling the community to determine their adoption. Furthermore, the Cardano Foundation, IOHK, and EMURGO contribute significantly to research, development, and adoption, promoting a collaborative and transparent decision-making process.</span></p>
<p><span>Bitcoin also has a decentralized governance structure, placing a strong emphasis on development driven by the community. Anyone has the ability to participate in the Bitcoin codebase, and crucial choices are determined based on general agreement. The development process is led by the Bitcoin Core Development team, which is made up of a team of skilled developers. Nevertheless, coming to an agreement on controversial alterations may prove difficult and result in varying viewpoints among the community.</span></p>
 </section>
 <section>
 <h2>Energy Efficiency</h2>
 	 <p><span>Bitcoin operates on a proof-of-work system, requiring miners to use significant computing power and electricity to validate transactions. This has led to concerns about its environmental impact due to its energy-intensive nature. Bitcoin’s annual <a target="_blank" href="https://coingape.com/blog/cardano-vs-bitcoin/"><span>energy consumption</span></a> is estimated to be 137.68 TWh</span></p>
<p><span>In contrast, Cardano utilizes a proof-of-stake system that allows users to stake their coins for transaction validation, resulting in significantly lower energy consumption. It is positioned as a greener alternative to Bitcoin, with Cardano’s standing at only 2.602 GWh, making it approximately 214,672 times more energy-efficient. </span></p>
</section>
 <section>
 <h2>Tokenomics</h2>
 	 <p><span>Bitcoin’s BTC value could potentially rise in the future due to its limited supply of 21 million coins, which creates a sense of scarcity.</span></p>
<p><span>Cardano’s ADA also has a capped supply of 45 billion coins. Variations in supply may impact both the price and usage of every cryptocurrency.</span></p>
 </section>
 <section>
 <h2>Conclusion</h2>
<p><span>Bitcoin is mainly a digital currency used for transactions and payments. Cardano is both a cryptocurrency and a blockchain platform providing various features including dApps and smart contracts. With its PoS consensus mechanism, Cardano intentionally aims to be more scalable and energy-efficient than Bitcoin’s PoW. The difference existing between Cardano and Bitcoin showcases how blockchain technology continually changes, and the various applications it can support.</span></p>
</section>
 </div>

Coingape

Cardano Vs Bitcoin : How is Cardano Different From Bitcoin?

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	<div>
		<div>
			<p><em><strong>This week has seen significant activity from the Cardano team, with notable progress made in the development of its infrastructure and applications. The release of the Cardano v.8.8.0 node preview allows users to test Plutus V3 scripts on SanchoNet, enhancing the platform’s smart contract capabilities.</strong></em></p><div><p><span>Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" target="_blank"> CryptosHeadlinesToken.com </a></span></p></div><p><a target="_blank" href="https://cryptosheadlinestoken.com/index.php/tokenomics/"><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit=1276%2C681&amp;ssl=1" alt srcset="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?w=1276&amp;ssl=1 1276w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?resize=300%2C160&amp;ssl=1 300w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?resize=1024%2C547&amp;ssl=1 1024w, https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?resize=768%2C410&amp;ssl=1 768w" /></a></p>
<p>The Cardano team has recently unveiled the preliminary version of the v.8.8.0 node, allowing for the testing of Plutus V3 scripts on SanchoNet. Simultaneously, <a target="_blank" href="https://cryptosheadlines.com/shiba-inu-shib-projected-to-surge-by-1300-with-timing-revealed/">Project Catalyst has revealed</a> the results of Fondo11, showcasing extensive community engagement with over 8,000 portfolios participating and casting more than 300,000 votes.</p>
<h2>Advancements Across Cardano’s Ecosystem</h2>
<blockquote>
<p>Every Friday, we publish our weekly <a target="_blank" href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> development update.</p>
<p>So for the lowdown on what IOG's dev team has been working on last week, head on over and take a look👇<a target="_blank" href="https://t.co/laIyk2GRRp">https://t.co/laIyk2GRRp</a> <a target="_blank" href="https://t.co/v4BT6anfWS">pic.twitter.com/v4BT6anfWS</a></p>
<p>— Input Output (@InputOutputHK) <a target="_blank" href="https://twitter.com/InputOutputHK/status/1758482810598248694?ref_src=twsrc%5Etfw">February 16, 2024</a></p></blockquote>
<ul>
<li>The latest Cardano node version now integrates DB-Sync, ensuring databases sync efficiently with <a target="_blank" href="https://cryptosheadlines.com/ethereum-networks-two-day-problems-update-released/">network updates</a>.</li>
<li>The ledger team enhances accuracy and <a target="_blank" href="https://cryptosheadlines.com/sec-files-lawsuit-against-binance-for-unregistered-securities-operations/">security of ledger operations</a> through fixes and enhancements.</li>
<li>The Haskell cuddle package simplifies CDDL specification, improving efficiency and security in compilation.</li>
<li>The Lace team addresses API issues for a significant <a target="_blank" href="https://cryptosheadlines.com/coinbase-ceo-vows-swift-fix-for-broken-mobile-app-user-experience/">user experience</a> upgrade.</li>
<li>The Plutus team reduces scripting costs, making smart contracts more accessible.</li>
<li>The Hydra team focuses on forward compatibility and model-based testing for scalability improvement.</li>
<li>Progress in the Mithril network includes new data types and network <a target="_blank" href="https://cryptosheadlines.com/friendtech-enhances-security-with-2fa-protection/">security enhancements</a>.</li>
<li>The preliminary release of <a target="_blank" href="https://cryptosheadlines.com/cardano-surpasses-78-million-transactions/">Cardano node v.8.8.0 allows exploring Plutus V3 in Conway-era transactions</a> on SanchoNet.</li>
<li>Project Catalyst <a target="_blank" href="https://cryptosheadlines.com/okx-announces-listing-of-altcoin-resulting-in-price-surge/">announces Fund11 results</a>, showcasing community growth and participation.</li>
<li>The education team trains blockchain developers through the Cardano Developer Course and Marlowe Curriculum for Educators, strengthening Cardano’s position as a technology leader in <a target="_blank" href="https://cryptosheadlines.com/us-lawmakers-worried-about-apples-app-store-limiting-blockchain-innovation/">blockchain innovation</a>.</li>
</ul>
<p><em><strong><span>Important:</span></strong><span> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</span></em></p>
<p><strong><span>Join Cryptos Headlines </span></strong><a target="_blank" href="https://linktr.ee/cryptosheadlines.com"><strong><span>Community</span></strong></a></p>
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CryptosHeadlines

Cardano's ADA Price Surges 10% as 159 Projects Ignite New Era

<div>
<ul>
<li><strong>Cardano whales are pushing new frontiers with intense participation. </strong></li>
<li><strong>Despite the dwindling price trends, Analysts believe Cardano’s fundamentals can drive a new price rally.</strong></li>
</ul>
<hr />
<p><span>Cardano (ADA) has emerged as a standout performer in recent trading sessions, with a remarkable 15% weekly surge, setting its sights on breaking through the crucial $0.55 resistance level.</span></p>
<h3><b>Cardano’s Resilience</b></h3>
<p><span>Cardano’s journey this year has been a rollercoaster ride characterized by struggles and resilience. Following an underwhelming January, Cardano now finds itself back in the spotlight, propelled by renewed energy and aggression, emerging as a frontrunner in the current market rally thanks to rising interest from market participants and ADA whales. </span></p>
<p><span>Over the past week, Cardano’s price gained an impressive <span>15%</span>, reaching a peak of <span>$0.5659</span>, according to </span><a target="_blank" href="https://coinmarketcap.com/currencies/cardano/"><span>data</span></a><span> from CoinMarketCap. ADA’s surge mirrors the broader market rally, with major rivals such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) also recording substantial gains exceeding <span>10%</span>. </span></p>
<p><span>As ADA moved with fresh momentum, evidenced by its positive long-to-short ratio, only the $0.55 resistance level stands against its prospects of reaching the previous year’s high and potentially $1. This level has historically proven to be a key barrier for Cardano, and its most recent effort to breach it over the weekend was greeted with resistance. </span></p>
<p><span>Although the initial breakout was unsuccessful, Cardano remains unfazed and plans to retest the $0.55 barrier again. If ADA is successful in breaching this level, the path to $0.6 and $0.7 looks simple and achievable. However, if ADA fails to break through this level, it may consolidate between $0.5 and $0.55 for the remainder of the quarter, or until the market returns to volatility.</span></p>
<p><span>At the time of writing, ADA was trading at <span>$0.5364</span>, down by <span>3.7%</span> in the past day, with market capitalization pegged at $19 billion, and a 24-hour trading volume of $370 million.</span></p>
<h3><b>Analysts’ Insights on ADA’s Future Outlook</b></h3>
<p><span>Cardano differs from many other cryptocurrencies in that it focuses on scalability, interoperability, sustainability, and security, all of which are critical for mainstream adoption.</span></p>
<p><span>Analysts have quickly </span><a target="_blank" href="https://www.crypto-news-flash.com/analyst-highlights-cardano-as-future-crypto-pillar-new-memecoin-engages-prominent-investors/"><span>identified</span></a><span> Cardano as one of the greatest cryptocurrency options for the future. What distinguishes Cardano is its unwavering focus on real-world impact. Cardano stands positioned to bridge the gap between aspiration and reality by extending financial services to the world’s unbanked population.</span></p>
<p><span>Cardano’s potential increase has been confirmed by prominent crypto expert Ali Martinez, who revealed the formation of a descending triangle on its daily chart. Martinez </span><a target="_blank" href="https://www.crypto-news-flash.com/ada-rockets-towards-new-highs-analyst-predicts-500-surge-for-cardano/"><span>anticipated</span></a><span> that a prolonged daily close over $0.53 would result in a <span>32%</span> increase and push the price to <span>$0.68</span>. Market activity and confidence have increased in recent days, as has Open Interest. According to Glassnode, Cardano Futures Open Interest has increased by 12.05%, bringing the value to $335.35 million.</span></p>
<p><span>The Cardano core developers led by co-founder Charles Hoskinson have continued to improve in the underlying blockchain including with the </span><a target="_blank" href="https://www.crypto-news-flash.com/marlowe-hydra-and-more-cardanos-latest-innovations-unveiled/"><span>latest layer two</span></a><span> scaling solutions through the Mithril and Hydra projects. </span></p>
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