ADA Finance, a Cross Dual-Chain DeFi eco-system built on both and ADA Finance today announced a collaboration to BitDegree’s blockchain developer academy BitDegree in order to establish an initiative that introduces software developers to Haskell programming language.

Cardano and the rest of the cryptocurrency and blockchain communities have been struggling to hire and retain skilled developers.

In the end, this initiative will encourage developers to work on Layer 1 blockchain platform Cardano. Since the beginning of 2021, Cardano has witnessed record growth in both utility and market capitalization. This language will help to maintain this future growth by ensuring that Cardano-based platforms can be built securely and prudently according to ADA Finance.

ADA Finance’s efforts to train aspiring blockchain developers, as well as other growth-focussed operations such as its launchpad and DAO program, have earned a nomination for “Best DeFi PRoject of the Year” at the 2021 AIBC Summit in Malta.

What is Haskell, and what does it mean for Cardano’s future?

Haskell – DeFi’s Newest Language

Haskell, a 2010-developed compiled programming language, is intended for research, teaching and industrial applications. It falls within the “purely functional” set of programming languages that denotes a type of computer software development that views computer programs as the evaluation of mathematical functions.

In this respect, it is similar to popular programming languages Python and Solidity, which also take the functional approach, with all three being classed as “high-level” languages. Both Python and Solidity are common languages in DeFi, the latter being most commonly used to develop smart contracts.

Haskell can be compiled rather than being interpreted as Solidity and Python. This makes it faster. This makes it ideal for DeFi apps that often require large volumes of operations. This however means that it is more difficult to become a blockchain developer.

Cardano developers recognize the possibility of building DeFi applications that are sustainable in the future. This is both for Cardano and the wider ecosystem.

Investing in Skill

ADA Finance’s collaboration with BitDegree seeks to leverage this potential by bridging the knowledge gap with regards to Haskell programming. While the Haskell Academy provides detailed training to up 20 programmers, it also raises awareness about Cardano’s potential for further development. The academy’s graduates will be awarded BitDegree certification and will have the opportunity to work for ADA Finance.

The academy may also open the door for Haskell’s use in DeFi programming, as more ecosystems recognize the advantages of using Cardano’s advanced language. Cardano will be able to sustain its growth for the future thanks to Haskell Academy. This also helps address the deficiency of skilled workers in DeFi. This is despite DeFi having one of the fastest-growing fintech sectors in the globe.

Blockchain Platform of the Future

Indeed, ADA Finance is hoping the initiative will cement Cardano’s position at the forefront of decentralized development, with ADA Finance playing a leading role in the Cardano ecosystem and DeFi more broadly.

No doubt, this a key contributor to the decision to nominate ADA Finance for AIBC’s “Best DeFi project of the year” which seeks to recognize projects or organizations that have made significant contributions to blockchain technology, artificial intelligence and other emerging technologies throughout the year. This year’s awards also feature community-driven DeFi project Safemoon and ABEYFoundaton has been developing a permissionless Proof-of-Work and Proof-of-Stake hybrid consensus mechanism throughout the year. From November 15th to 19th in 2021, the event will be held on Malta.

ADA Finance, which is preparing for its first Cardano smart contracts launch has experienced a wonderful year. If all goes well, this will allow most of the DeFi applications built on to be compatible with Cardano which in turn, will position the Cardano ecosystem, and ADA Finance as a serious alternative to the world’s largest smart contract platform.

Visit the ADA Finance website to learn more about BitDegree, ADA Finance and Haskell academy.

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