Cardano IOHK through its product manager Nebojsa Vojvodic has in a recent YouTube video revealed that he anticipates key block, in building a global social and financial operating system.
He said Goguen, after its launch, will help create new value in the Cardano community and at the same time boost Cardano adoption.
As described by the Cardano roadmap, Goguen exemplifies advancement in the Cardano network capability, as the network’s introduction of Shelley, lays the foundation by decentralizing the networks’ core system.
Goguen, according to IOHK, will permit the creation and execution of functional smart contracts by users on the Cardano network.
IOHK further declared that it has no intention of developing the project in isolation but have plans to integrate into already existing off-chain applications and infrastructure.
One of the major new values that will be added to the Cardano network by Goguen as stated by the CEO of IOHK, Charles Hoskinson, is the addition of a multi-currency ledger, a multi-currency ledger is expected to further expand the core usefulness of the Cardano community.
With the addition of multicurrency ledger, IOHK stated that it will support the creation of new cryptocurrencies on Cardano by allowing the development of fungible and non-fungible tokens in the Cardano community.
Another benefit associated with the Goguen era will be the easier integration of Decentralized applications (DApps) involving multiple cryptocurrencies with smart contracts, said IOHK.
Cardano IOHK propose to Partner Litecoin
In another development, Newslogical reported that Cardano IOHK through its Co-founder Charles Hoskinson has proposed to seal a partnership deal with Litecoin creator, Charlie Lee.
It was reported that Hoskinson has remarked that he would be pleased to incorporate with Litecoin on testing chain communication. Newslogical gathered that Charlie Lee is also of keen interest in the deal.
It is worth mentioning that Hoskinson and Lee had no previous partnership, hence the reported development is an indication that the two Blockchain bosses are working in the same direction to uplifting the crypto space.