Input Output (IOHK) Cardano Project Updates, 28 Apr 2018

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From YouTube: IOHK | PMO Project Goguen April 2018 update

Description

In this update, project manager Gerard Moroney talks about the forthcoming capabilities for Cardano. He explains the two testnet releases for Goguen - the KEVM testnet and the IELE Virual Machine testnet - outlines the work that has been taking place on the project and gives expected dates for release.

https://iohk.io/team/gerard-moroney

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Input Output

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Hello, my name is Jordan Roni and project manager adhere lhk. Today, I'm going to give you an update on one of the projects, I'm responsible for called project bogan.

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So so what is going on? What will it do so? Cogan will deliver smart contracts, capabilities for Caetano we're going to create a new layer called a computation layer where smart contracts will reside and be executed.

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What's in Gogan, there's a lot of new and innovative features in bogan and briefly describe them right now, side teams so side changes, research, we've done which will allow us to move tokens between the block chains without a third party being involved. Then there's accounting, my County, will allow also support you TXO and account based transactions.

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We've got multi currency which allows multiple cryptocurrencies to exist on a single ledger. Then we have Plutus. Salutis is a general-purpose language for writing. Smart contracts. We have Merlot, which is other smart contract language designed for financial transactions.

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We have ele, which is a virtual machine with the universal language framework called the K framework for smart contract transactions end users. This will allow users to execute smart contracts. We're very focused on improving the end-user experience when it comes to smart contracts.

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Finally, your developers- and these are the tools which developers will use to to create smart contracts, and this is something we also regard as being very, very important to create a really excellent developer experience.

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What have we done? We've done quite a lot two days. We've done some academic research on the accounting, multiple currency and sidechains. We've been engineering, the flutist language and we've created a road map to define. What's going to be delivered in the next four months from Marlowe we've got released a version 1.2 we've created academic paper on it. I've also got a roadmap to define, what's going to be delivered over the next year.

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The first version of the early virtual machine has been completed and we're working on completion of a solidity to yearly translator and, finally, we've adapted mantas, which is the etherium classic client produced by ohk to work with the le vm and KVM, and this is going to allow us to showcase and allow you to interact with the virtual machines until it's it finally integrated into Cardinal.

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So our first deliveries, which are test nets, so we're very excited about our first deliveries, because it's an opportunity for us to engage with you and let you know what what the technology is and what it can and can't do so. The first test that we're going to release is using the KA VM, which is a stack based machine. It's a execute, executable form of semantics of the etherium virtual machine and it uses k4 formal specification and the K framework for execution. And what's the learning experience going to be here?

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Well, it's going to allow you to understand the practical application of formal semantics by interacting with the virtual machine and executing solidity contracts. It's also known quantity. So it allows you to compare the etherium virtual machine with something that has been built using K and the K framework. And finally, it's going to allow us and you to make better software by the feedback that you're going to provide and the changes we will roll out during the lifetime of the test. Ness, and this is going to go- live on the 28th of may 2018.

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The second test that we're going to launch is the ELA virtual machine which were really really excited about, and this is a register based machine inspired by LLVM. It does also uses its k4, formal semantics and the K framework for the execution and wassail learning.

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Experience got to be there well here, you're going to get an opportunity to a comparison of a stack base and a register based virtual machine through the two tests nets, and these testers will exist in parallel on the le virtual machine is launched, and also here, we're really excited about getting your feedback about what's good and bad about the virtual machine, but also about the test nets. So we can create a better experience for you, get really good feedback and make better software.

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So the early virtual machine is not going to be launched at the same time as the decay. Avm is going to go alive in probably June or July time and in the next update I'll. Give you a more accurate date, however, when that's going to occur.

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So, what's next well, as I said, we're going to providing you with monthly updates on the project what's happening and what you can expect we're going to use our monthly updates to. Let you know about what feedback we've received and suggestions and how we're going to address that and we're going to make you aware of the important dates and events that are upcoming for Gogan. So you can be prepared- and this is very, very important to us- because community engagement and what you think is at the heart of what we do.

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So let you know about these dates and events is really important, so we can get your feedback and make better software.

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That's all for today, I'd like to thank you for your time and I, look forward to speaking to you again in the near future. All right.