First-ever Cardano smart contract on Python revealed; Here’s what you should know

Despite occasional setbacks in the cryptocurrency market, the Cardano (ADA) developers team remains unconcerned and focused on technological innovation, with one of the newest developments revealed to be smart contracts written in the Python programming language.

Specifically, the first Cardano smart contract written in Eopsin, an innovative Pythonic programming language, has been compiled and deployed on the pre-production testnet, the developer team behind the project dubbed ImperatorLang, stated on Twitter on January 10.

The developers also shared an example of the new version of the Cardano smart contract, the transaction of which took place on January 10, as well as indicated plans to integrate with PyCardano, a lightweight Cardano library in Python.

Example of the new version of Cardano smart contract. Source: ImperatorLang

Why is this important?

Although there is still much work left to be done on the project’s optimization, its originators said that, once it is fully up and running, Eopsin will allow developers to write 100% valid Python programs, leveraging the existing tool stack for Python, syntax highlighting, debugging, unit testing, verification, and more.

They further described Eopsin as flexible, intuitive (just like Python), efficient, and secure, with static type interference ensuring strict typing and optimized code. However, it needs to be noted that it is a very strict subset of valid Python, which means that “not all language features of Python will or can be supported.”

Finally, the project aims to merge Python with Plutus smart contract platform, or as the authors put it when explaining the name Eopsin (the goddess of wealth and storage in Korean mythology, portrayed as a pitch-black snake):

“Since this project tries to merge Python (a large serpent) and Pluto/Plutus (Greek wealth gods), the name appears fitting.”

This is just another step in Cardano’s continuous and intensive development efforts. Earlier, Finbold reported on Cardano ranking as first on the list of all blockchain protocols by development activity in 2022, followed by Polkadot (DOT) and Cosmos (ATOM).

Cardano DeFi activity and price growth

Elsewhere, Cardano is recording advances in other areas as well, including an increase in its total value locked (TVL) of 36% in January (growing from $48.95 million on January 1 to $66.7 million on January 12), as the price of its native token ADA continues to strengthen.

At press time, Cardano was changing hands at the price of $0.3215, recording a daily increase of 1.86%, while over the past week, ADA soared 21.16%, boasting a market capitalization of $11.1 billion, as data from the charts indicates.

Cardano 7-day price chart. Source: Finbold

At the same time, its daily trading volume has grown from $147.54 million on January 1 to $363.94 million at the time of publication, which represents an increase of more than 146% since the turn of the year, as per data retrieved by Finbold on January 12.