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18 January 2021

Next Goguen update brings token locking to Cardano: here's what this will mean | CryptoSlate

Next Goguen update brings token locking to Cardano: here's what this will mean | CryptoSlate


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The next big protocol upgrade planned for Cardano will bring token locking to the blockchain, a feature that will prepare the platform for smart contracts and native assets.

Token locking, while a small technical change to the consensus protocol overall, will have a significant impact on the platform as it will prepare it for smart contracts and the creation of native assets on Cardano.

What token locking will bring to Cardano is the ability to record that a specific token issued on the network is being used for a particular purpose.

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