Goguen Phase is phase 2 of the development roadmap for the Cardano blockchain, which focuses on introducing smart contracts, similar to Ethereum.
Understanding Goguen Phase
“The Goguen era has been envisioned to unleash the decentralized crypto economy on Cardano through the launch of smart contracts, non-fungible tokens, and multi-asset supports akin to ERC20s on Ethereum.”
21Shares, 2021
The Goguen phase will allow developers to create their own tokens and decentralized applications. It’s still underway, and a key release will be the platform for building dApps on the chain called Plutus and two native programming languages—Haskell and Marlow.
Haskell is a technically intensive language used to deploy smart contracts, while Marlow is a more accessible language that allows non-programmers to build DeFi apps.
These developments allowed for the deployment of smart contracts on Cardano, marking a big jump in functionality and making it competitive with other smart contract networks like Ethereum.
What Is The Role Of The Goguen Phase On The Cardano Network?
Cardano’s development is divided into five phases, each named after an influential figure: Byron, Shelley, Goguen, Basho, and Voltaire.
Goguen is phase 2 (Byron is phase 0, Shelly phase 1), with the main goal of introducing smart contracts to the Cardano network. Once completed, it will make it possible for developers to create native tokens and dApps, a major step towards making Cardano competitive with other blockchains.
According to Cardano, “the combination of Plutus and Marlowe will enable a new class of enterprise-level smart contracts with verified functionality, capable of underpinning large-scale implementations in the real world.”
Cardano, 2024
It represents a significant increase in functionality for Cardano and a foundation for making it more efficient and scalable in the future.
Conclusion
The Goguen Phase is the phase of Cardano’s development focused on implementing smart contracts, on-chain app development, and native tokens.
Cardano. (2024). Gogeun – Cardano Roadmap. Cardano.
https://roadmap.cardano.org/21Shares. (2021). Research Primer Cardano. 21Shares, 2-4.
https://cdn.21shares.com/uploads/current-documents/ada-primer-main.pdf
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