With the Smart Contracts scheduled for September, the Cardano Community are bullish.  There are indeed lot of bear market talks. Even if Cardano would come all the way down and things are bleak and fearful, many people will be buying ADA even if they are not sure of what is going to happen as there is lot of confidence building around the smart contracts.

For the short-term ADA might not seem impressive. Those who think bigger and long term know that Cardano is here to rock. There is no need to be fed with Hopium.  There are lot of deciding factors that contribute to the success of a token. Even if Cardano would dip drastically versus Bitcoin The long-term view of Cardano is bullish.

For clarity, “Smart contract is an automated digital agreement, written in code that tracks, verifies, and executes the binding transactions of a contract between various parties. The transactions of the contract are automatically executed by the smart contract code when predetermined conditions are met. Essentially, a smart contract is a short program whose inputs and outputs are transactions on a blockchain.”

Smart contracts are reliable as they are self-executing and there is no need of intervention of third parties for the completion of the contract action.

The smart contract code is stored on the decentralized blockchain network and therefore spread across various nodes making it transparent and irreversible.

Cardano being a multi-functional environment will be supporting the development and deployment of smart contracts by making use of programming languages like Plutus, Marlowe and Glow.

Plutus has been purpose built to serve as a “smart contract development”and “execution platform.”  Plutus contracts are made up of on-chain code (run on the blockchain) and off-chain code (run on user’s machine) Plutus provides for safe, full-stack programming environment which is based on Haskell, which will be the leading functional programming language.

Marlowe being a domain-specific language (DSL) is exclusively for writing and executing financial contracts which permits building contracts visually and also using traditional code. Financial institutions will be able to use it to develop and deploy custom instruments for their customers and clients. The Marlowe language is now embedded in both JavaScript and Haskell providing for a choice of editors depending upon developers’ preference and skillset.

Glow is a new domain specific language (DSL) to develop decentralized applications (DApps) on blockchain. With Glow users will be able to write secure DApps ensuring that smart contracts run safely in an adversarial environment.