How Marlowe Playground rounds up all of the work being done on Cardano's Goguen

Addressing the latest development from Goguen, Hoskinson said that the volume of things going on simultaneously behind the scenes at Cardano shows both the quality of the teams working on it and the reality of running a commercial blockchain in 2020.

Aside from drastically shortening the time needed to build and deploy complex systems, this will also open up a whole new world of possibilities to everyone using Cardano.

Establishing solid foundations for a unification language right now ensures that Cardano won't be left aside when cross-chain communication becomes the industry standard.

It seems almost incredible that the teams behind Cardano had the foresight to create Plutus, a programming language, at a time when Ethereum was in its infancy and a lot of today's design requirements were incredibly difficult to visualize.

In a way, Plutus is the conductor of the orchestra, he explained, making sure that all of the little bits and pieces that make Cardano what it is function properly.

Why Goguen makes Cardano more competitive than Ethereum.

The point of the highly-anticipated ERC-20 converter is to establish the technology and the commercialization of technology needed to transfer and issue assets on the Cardano network.

With numerous conversation being led with those that want to migrate to Cardano, Hoskinson noted that it was extremely important to create a solid set of standards with native assets on Cardano.

Aside from employing a drastically faster virtual machine, Cardano has another important advantage over Ethereum-the fact that all assets on Cardano are treated the same as ADA. This "First-class citizen" approach means that all of the projects on Cardano will have access to the same governance, layer-two solutions, listing options, user experience, speed, and cost ADA does.

Hoskinson ended the update by saying that Cardano has started to evolve into a mature ecosystem in 2020.