Smart contracts in Cardano
will go live on the public test network on September 12. This will bring a long-awaited update. Sponsored
Input-Output Hong Kong (IOHK), the company responsible for the development of Cardano, has announced that it will launch the smart contracts update on the public test network on September 12. The company tweeted on September 7 that the Cardano update, dubbed Alonzo, would trigger a hard fork
over the weekend.
Alonzo is a big step forward for Cardano, bringing smart contracts to a public network that has been in development for years. This is one of the biggest updates to come to the network and could make it a real contender in the decentralized app (dApp
) space. Sponsored Sponsored
IOHK itself calls Alonzo “the most significant update to date.” Cardano itself has long been talked about as a rival network to Ethereum
, but the methodical and unhurried pace of development has meant that the platform is only now ready for it.
, saying that the project does some interesting things.
Basic smart contract functionality on Plutus will be implemented using Cardano’s HFC technology, along with compatibility updates. The Cardano team will be hosting a live stream to talk more about Alonzo and the future of development.
was doing very well. It remains one of the top performers in 2021, supported by major development milestones. With the upcoming crop of updates, the outlook for Cardano looks good. <img alt=” src=”image/svg+xml;base64,PHN2ZyBoZWlnaHQ9JzcyMCcgd2lkdGg9JzEyMDAnIHhtbG5zPSdodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZycgdmVyc2lvbj0nMS4xJy8+” />
Attractive Cardano Road
Map The Cardano Road Map is detailed and meticulous in its path of development. It divides development into different eras, named after famous thinkers and poets. The current era, Goguen
, focuses on smart contracts.
, will be about governance, scaling and technical improvements. Their development is not expected to begin until much later. However, given Cardano’s track record, things are going well for the project.
Recently, Cardano announced that it will launch an ERC-20 converter for transferring assets between Ethereum and Cardano. This tool will first be launched on a test network. However, it is clear that the project is taking a very robust approach to ensure a successful upgrade. As for the network, Cardano surpassed 650,000 staking addresses in July
Naturally, expectations for Cardano are high. The real field test will come after the launch of smart contracts and should give an indication of the usability of the network.
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