Hoskinson reveals new code for Cardano, but $63M TVL exposes a gap

Charles Hoskinson, the Cardano founder, is working with developer Lucas Rosa, a software engineer at Input Output Global, to develop a new programming language for the Cardano blockchain. Hoskinson said the language is intended to support both intent-based transactions and proof-carrying data using Groth16 cryptographic proofs. The project is currently being developed as Cardano approaches a pivotal test of commercial demand, and the announcement follows an earlier statement by Hoskinson.