Cardano founder Hoskinson gives green light to smart contracts

In a video update, Cardano founder Charles Hoskinson expresses confidence that the September 12 launch date for smart contracts will be met.

September 12 marks the most important update yet for Ethereum competitor Cardano: The “Alonzo” upgrade is set to introduce smart contracts. Preparations for the hard fork are already in full swing. Recently, Cardano founder Charles Hoskinson gave insight into the status quo of the Alonzo integration in one of his regular video updates.

We’re on schedule. Things are looking good. There are a few minor bugs here and there, a few minor quality issues, but they’re insignificant. And we’re going to clean those things up. Some can be cleaned up before launch, others will be taken care of in subsequent node launches.

As of last Friday, August 27, Alonzo was still up for postponement until September 17. But apparently this is not necessary: September 12 is still set as the launch date for Alonzo, the Cardano creator emphasizes in his vlog.

We made the go-no-go decision today with all the stakeholders. [It was] a big meeting with 25 stakeholders in attendance. We went through a huge checklist, and it was always just a green light.

He is now looking forward to the launch party and is calling on partners who already have access to Plutus – Cardano’s smart-contract platform – to get their projects ready by September 12.

Cardano course (ADA) in waiting.

Expectations for Alonzo gave Cardano currency ADA significant gains in August, culminating in an all-time high of $2.95 on August 23. Profit-taking sent ADA slightly south again. However, at USD 2.82, the Cardano asset is still trading 117 percent higher than 30 days ago as of press time. Recent gains bring ADA’s market cap to around $90 billion. This currently places Cardano third among the largest crypto networks behind Bitcoin and Ethereum. Whether this position is justified will only become clear in the weeks following the Alonzo Fork at the earliest. In the meantime, you can find out what might happen next for the ADA share price from a chart analysis perspective here.

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Hoskinson announces time off and world trip

Hoskinson announced in his vlog that he will be taking some time off after the Alonzo launch. After that, he plans to embark on a world tour, with the first stop being Africa. It wasn’t until April 2021 that Cardano – more specifically, Cardano’s development company IOHK – signed a cooperation agreement with the Ethiopian government <a href=””>enacted. This involves the introduction of blockchain-based student and teacher IDs. This is made possible by Cardano’s Atala PRISM technology, a platform for managing digital identities. A total of around 5,000,000 students and 750,000 teachers at 3,500 schools are to take part in the project, which is part of the government’s digitalization offensive “Digital Ethiopia 2025”.