Cardano: IOHK, pre-production environment close to launching local tokens

IOHK is very close to launching a pre-production environment for local tokens. Goguen development teams are on track to test smart contract functions.

Cardano’s main developers have made their latest updates on Goguen’s deployment for 2020. Goguen project leader Dimitris Poulopoulos and Cardano Project Leader Volodymyr Hulchenko said in their latest videos, released biweekly, that they are having the most active month of the year.

Recently, IOHK announced the successful implementation of Token locking with hard fork combiner. The event is the second step in fully integrating Cardano’s decentralized financial capabilities.

In this regard, Hulchenko reported that Cardano and his notebook teams have focused on diagnosing and testing token locking over the past two weeks. Initial results were positive and functions are working as expected. None of the previous functionality in Ledger wallets was affected by the update. Additionally, they began work on a new Goguen feature called Extended UTXO. He added Hulchenko:

(This feature) is an addition to the Shelley-era unspent transaction output mode required to support smart contracts in Plutus.

Progress on Cardano’S ERC-20 converter
Poulopoulos said they were close to opening up the Token pre-production environment. This will allow local tokens to be published and distributed in Cardano. The team focused on 4 core activities: completing the environment and running quality control in the local CLI token node functionality, updating documents and tutorials, adding a local icon section to the developer website, and saving tokens through metadata.

We’ll be rolling out the first version soon. If you are interested in creating your own tokens using the command line, Please be sure to follow communication updates in the coming days. Please note that this is only an early version of the production environment (…).

One of the main stages is to produce an intermediate version of the Be wallet that can decipher with the MA node without any effect on the functions. In general, advances have been made in the ERC-20 token conversion tool, which will allow the transfer of tokens from Ethereum to Cardano. The team is “on track”to begin testing functionality on the local token node of the CLI pre-production environment.

Regarding the Plutus platform, which will host smart contracts at Cardano, Poulopoulos said they reformed PLC formatting, repaired bugs and wrote a language-independent specification that defines Plain coding, among other activities.

Marlowe’s team is currently working on the upcoming beta version of the financial contract language. Additionally, Marlowe 1.0 and Marlowe 1 will be attached to Plutus.they plan X versions and fix bugs in the user interface. Poulopoulos added:

We started using test trials that should have continued again and again for the duration until V1.0 and later came out (…)

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