Despite occasional setbacks in the cryptocurrency market, the Cardano (ADA) developers remain focused on technological innovation. One of their latest breakthroughs is the introduction of smart contracts written in the Python programming language. This advancement is a testament to Cardano’s commitment to enhancing its blockchain ecosystem.
On January 10, the developer team known as ImperatorLang shared on Twitter that the first Cardano smart contract written in Eopsin, a Pythonic programming language, has been successfully compiled and deployed on the pre-production testnet. This marks a significant milestone in Cardano’s development strategy.
The developers also released an example of this new version of the Cardano smart contract, which was executed on January 10. They also revealed plans to integrate with PyCardano, a lightweight library for Cardano written in Python, further expanding the possibilities for developers within the Cardano ecosystem.
Example of the new version of Cardano smart contract. Source: ImperatorLang
Why is this Important?
The Eopsin project is still in its early stages, but it promises to bring several advantages once fully operational. It will allow developers to write 100% valid Python programs, leveraging the existing Python tool stack for syntax highlighting, debugging, unit testing, verification, and more. Eopsin is described as flexible and intuitive like Python, while also being efficient and secure, thanks to static type interference that ensures strict typing and optimized code. However, it is important to note that Eopsin is a very strict subset of Python, meaning not all Python features will be supported.
The goal is to merge Python with the Plutus smart contract platform. The project’s name, Eopsin, fittingly combines Python (symbolized by a large serpent) with Plutus, the Greek god of wealth, reflecting its ambitious objectives.
This development is part of Cardano’s broader efforts to continuously innovate. Previously, Finbold reported that Cardano ranked first among all blockchain protocols by development activity in 2022, surpassing other notable projects like Polkadot (DOT) and Cosmos (ATOM).
Cardano DeFi Activity and Price Growth
Cardano is also making strides in other areas, particularly in decentralized finance (DeFi). The platform’s total value locked (TVL) increased by 36% in January, rising from $48.95 million on January 1 to $66.7 million by January 12. This growth is accompanied by the strengthening price of ADA, Cardano’s native token.
As of the latest data, Cardano’s price was $0.3215, showing a daily increase of 1.86%, and a significant weekly rise of 21.16%. The market capitalization of ADA stands at $11.1 billion, reflecting its growing influence in the cryptocurrency market.
Cardano 7-day price chart. Source: Finbold
Additionally, Cardano’s daily trading volume surged from $147.54 million on January 1 to $363.94 million at the time of publication, representing over a 146% increase since the start of the year. This data highlights the growing interest and activity surrounding Cardano within the crypto community.
For more detailed information, visit the original source: Finbold.
