Tension is building around Cardano. Everything's ready for Alonzo's hard fork.
Tension is building around Cardano. Everything's ready for Alonzo's hard fork. Tension is building around Cardano. Everything's ready for Alonzo's hard fork.

“All ‘green’ and ready, we’re operating on schedule,” confessed IOHK founder and CEO Charles Hoskinson. In his latest vlog, he shared information with the community about Alonzo’s upcoming hard fork, which will see Cardano bring smart contracts to its blockchain.

Alonzo testnet coming on September 1

Hoskinson noted that the team was already preparing for the public testnet of the Alonzo hard fork. The final launch of the testnet is expected to take place on September 1. Hoskinson said the deployment will take place on the main testnet and not on Alonzo Purple, which was launched earlier this month:

Testnet will be in the Alonzo phase, it’s not one of those specialist test networks like Purple and all the other test networks. It’s the main test network that we use for exchanges and all the other people and stuff.”

“We still have a lot of work ahead of us.”

The creator of Cardano also mentioned that there is still a lot of work to be done. The team worked over the weekend to make sure everything was in order. Cardano’s smart contract launch has been announced for September 12. If the developers’ assurances are to be believed, it can be assumed that the hard fork will happen without unexpected delays.

Recently, IOHK shared the news that it has submitted an upgrade proposal to the Cardano test network to “forge the chain into the Alonzo era”. Calling it a “major milestone” for the platform, project manager at IOHK, Dimitris Poulopoulos, noted that the team will identify and fix any bugs by September 12 to ensure the stability of the network.

ADA price keeps rising | Cardano secures compliance in partnership with Coinfirm

At the time of this writing, the ADA price remains at $2.8. Overthe past 30 days, the quotation of the Cardano cryptocurrency has increased by more than 115%.

It is worth recalling that we recently received news that <a href=”https://bithub.pl/kryptowaluty/altcoin/cardano-pod-parasolem-coinfirm-zobacz-dlaczego-to-tak-wazna-informacja/” targe

t=”_blank” rel=”noopener”>Cardano has partnered with Coinfirm

on compliance.

Here’s how the issue was commented on – especially for Bithub readers – by Coinfirm’s CTO Jakub Fijołek

:

“Support for Cardano’s blockchain and ADA cryptocurrency through Coinfirm’s AML platform gives both the Cardano Foundation and others in the blockchain industry access to advanced fraud and crime analysis tools, including anti-money laundering (AML) and counter-terrorist financing (CTF ) enhanced tools to ensure due diligence in a risk management context.

Coinfirm is the first and so far only “live” AML service provider on the Cardano blockchain and provides over 330 different, unique risk indicators – such as “sanctioned country address”, “hacker-related” or “blockchain service address without KYC” – for ADA addresses, transactions and analyzed entities. The detected risks make up the C-Score (Compliance Score), which expresses risk based on an indication on a scale from 1 to 99 that changes with address activity.

By integrating with Cardano, Coinfirm’s AML Platform supports Compliance Officers by allowing them to visualize blockchain cash flows (who, what, when, and how much), collect information about who (e.g., which institution) owns an address, obtain financial analysis(daily address balance graph), and a list of tokens of which address contains the Cardano blockchain (other than just ADA).”

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From the Editor

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