Hard Fork could lead to problems
Hemsley admits that the upcoming Hard Fork could face unexpected problems, which is why the team is working hard to make it a success.
Hemsley verbatim: (loosely translated):
Things are looking positive so far and we are on the right track.
The test network proposal will be submitted on August 29, with implementation scheduled for September 1.
Alonzo enables smart contracts on the Cardano blockchain
Alonzo Purple, the first version of the public test network, was launched earlier this month, followed by Alonzo Blue and Alonzo White, all ahead of the final upgrade scheduled by IOHK for September 12. The Alonzo hardfork will allow users to deploy smart contracts on the Cardano blockchain, which is currently the largest proof of stake blockchain in the crypto space (aside from the upcoming proof of stake upgrade for Ethereum).
Cardano has been working with crypto exchanges to support the Alonzo hard fork and several exchanges such as Bittrex, Bitpoint, Coinbase, Coinbase Pro, HitBTC, and Kubecoin, among others, have already expressed their support for the launch. This move is necessary to provide liquidity for the blockchain once the Alonzo hard fork launches with a mainnet release.