Cardano is decreasing the barrier to entry for developers

One of the things that I wanted to
elaborate on in the previous video is the decreasing the barrier to entry for
institutions to build their smart contracts on top of Cardano and I think that this is very important because this is going to allow people
are always talking about blockchain becoming mainstream and allowing for
more people to use blockchain in general I mean we see how convoluted the process is for individual retail investors so when it comes to building smart
contracts let’s see what layers are available now we have a
second-generation blockchain known as Ethereum and you have to master a language called Solidity which is a custom language so
you know think about you just creating a custom language right now like
you just create your own words and someone has to learn those words and
someone has to be versed in those words in order to build something secure and
Ethereum is not as secure as what people think and I think that professor I believe it was Professor Wadler let me make sure he was
saying something along the lines of I didn’t know this that you know in order
to build your smart contracts on Ethereum you have to have an off chain
and an onchain solution so not only do you have to have Solidity but you have
to also be writing in Java like off chain you can you can write off chain
and then you can write on chain and then those get compiled together to create
your smart contract and I thought that was very interesting because I thought
it was just solidity that you needed to know but apparently the barrier to entry
is a little bit higher than that so it’s very complex for Ethereum to really bring in a lot of people that are interested in building their smart
contracts while there are people building smart contracts it is a more
difficult process than what people think and what the Marlowe presentation what
Plutus the Plutus playground presentation at PlutusFest reiterated
was the fact that you’re only going to have to know one language your
one specific language in order to compile it over to Plutus and then
Plutus will transform it into a smart contract and it’s not like
people are gonna need to know the masters in Haskell to build smart
contracts they can create whatever they want in their programming
languages and it’s going to be compiled into the backbone of the smart
contract into Plutus and when I say compiled or a compiler what does that
mean so basically how computers talk you have to write code but the computer
itself doesn’t understand that code because it needs to be translated
into binary so those zeros and ones so special compilers are basically they
exist to take whatever code lines of code you say so let’s say you know smart
contract at 1000 ADA the computer is not going to understand that but you
need to build a compiler in order to translate that data into computer talk
and Plutus and Marlowe they’re going to have their special compilers that exist
to aid the people building smart contracts what do I mean by this so if
you make a mistake in your code it’s not going to go through it’s going to
the compiler is going to tell you where you went wrong and pretty
much alert you where your errors are before you deploy so there’s no way that
the contract is going to get breached it’s like a step by step you know like
I’m gonna enter this and it will say like false or reject it and you have to
figure it out there and then it’s not like you’re going to have a code that is
full of errors and full of bugs deploy it and then you know like you face
the repercussions of broken code no that’s not what Cardano wants. Cardano
wants fully functional smart contracts on top of their blockchain so whether or
not the smart contract serves any use that’s on the developer side.

20 thoughts on “Cardano is decreasing the barrier to entry for developers”

  1. Thanks for the info. Very understandable. Thanks for sharing the progress of this great project. Cardano will be the Microsoft of the future.

  2. My name is Mike Bobroski . I live in a suburb of Pittsburgh. University of Pittsburgh BSBA in business. Small Business owner / Real estate investor/ ADA Believer. I would be willing to help in any way if ever needed. Till then I will support the channel. Lets educate and build !!

  3. ๐Ÿ‘€๐Ÿ‘‹๐Ÿ‘๐Ÿ‘๐Ÿ’ฐ๐Ÿค‘๐Ÿš€๐ŸŒ—๐Ÿ’ซ๐ŸŒŸ๐Ÿ˜ปโค๏ธ๐Ÿ™

  4. HEY, Phil,
    I am invested in Cardano,also in Iota.
    Beliver in both technologys.
    Could you sometime make a video where you compair them.
    Cherrs from Berlin.

  5. 1:25 This is not accurate.

    Not sure what you were trying to say, but certainly not do you need to compile onchain and offchain code together to create a smart contract.

  6. Philip , thought experiment — transactions should be able to separate fees for merchants. If spenders could spend Ada on debit card and choose to have the merchant pay trans fee, this would be huge. There would be no difference to a visa trans. This is incredibly basic

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