Cardano Ignites Explosive Start After Upgrade With Hundreds Of Smart Contracts

Cardano Ignites Explosive Start After Upgrade With Hundreds Of Smart Contracts
фото показано с : zycrypto.com

2021-9-19 23:38

Cardano’s blockchain has over 200 smart contracts in the network just days after it added smart contract functionality.According to Vercel, the number of smart contracts is as high as 2,541 as the network experiences a flurry of activity.The flipside to this is that the smart contracts are in a timelock pending their release.

After the widely anticipated Alonzo hard fork, Cardano’s community had significant cause to rejoice as the network finally embraced smart contract functionality with the latest upgrade. Since then, it has wasted no time in hitting the ground running as it seeks to catch up with Ethereum.

Over 200 Smart Contracts

September 12th will be forever etched in the memory of Cardano’s community as the date that it silenced critics with the successful Alonzo hard fork to support smart contracts. Since then, the network has recorded a flurry of activity around the creation of smart contracts with the number of created contracts surpassing 200.

Blockchain explorers like Vercel peg the number of smart contracts at a staggering 2,451 contracts which stands a testament to the boisterous nature of Cardano’s community. However, the snag in all of this is that the smart contracts are all under a timelock. This implies that they cannot be utilized by the developers until their release but there is a silver lining to this cloud as projects have ample time to develop their applications.

The large number of smart contracts on Cardano does not come as a surprise to analysts considering the fact that more than 100 were created within the first 24 hours. This growth can have a positive effect on Cardano’s price in the future as users will require ADA to interact on the network.

Cardano To Sail In New Waters

The regime of smart contracts will open Cardano to the frontiers of decentralized finance and applications. Although Ethereum has the advantage of being a first mover, it has been plagued with issues like surging gas costs, spurring users to look for an alternative.

According to Cardano’s founder Charles Hoskinson, the development leaves the space “up for grabs” as the competition stiffens. He said that Cardano was designed to lead the charge for the second wave of DeFi that will be characterized by interoperability, liquidity, and above all, uphold the ethos of decentralization.

While the community is ecstatic, Tim Harrison, Marketing & Communications Director noted that “user experiences may not be perfect” and that hurdles may be faced along the way because this is only the early phases of the smart contract functionality.

A large number of smart contracts on Cardano in under a week points to the immense confidence that users have in the network. It is believed that this will have a domino effect that will attract even more users to the network.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

SmartCash (SMART) на Currencies.ru

$ 0.0001196 (+2.62%)
Объем 24H $11
Изменеия 24h: 2.56 %, 7d: -70.49 %
Cегодня L: $0.0001123 - H: $0.000126
Капитализация $169.084k Rank 2369
Цена в час новости $ 0.0032958 (-96.37%)

smart contracts cardano network vercel number according

Источник: zycrypto.com

smart contracts → Результатов: 126


Фото:

i-Ternity Review: A Multi-Chain Regulatory Compliant Decentralized Testament Service Platform

Until now, the only debates dominating the media are the applications of blockchain to areas such as smart contracts and finance.  i-Ternity is changing the scene by introducing smart, standardized holographic wills and decentralized life insurance services on solana to help combat digital asset losses in case of demise through the use of smart contracts. Read More

2021-11-20 17:00


Фото:

Telos Solution-driven EVM is Live For Smart Contracts and DeFi

Ethereum blockchain ushered in the era of smart contracts via the Ethereum Virtual Machine (EVM). Over the years, smart contracts have witnessed immense adoption including in the mainstream sector. Ranging from decentralized exchanges, staking pools, lending and insurance protocols, all of these have been pivoted with the aid of smart contracts. The Ethereum Virtual MachineRead More

2021-11-12 09:00


Фото:

Ripple-Backed Platform Flare Set To Revolutionize The XRP Ecosystem With Smart Contracts

Ripple’s associate, Flare Networks, has recently launched a public test network known as Coston. This test network is a huge step toward enabling smart contract functionality on the XRP ledger. Enabling Smart Contracts On The XRP Ledger Smart contracts were first proposed by computer scientist Nick Szabo back in 1996. Over the years, the concept […]

2020-5-12 17:00


Фото:

Digital Asset Partners with VMware for Smart Contracts Integration

Digital Asset, a fintech firm that created the DAML smart contracts language who also claims to deliver flexible infrastructure that enables regulated financial institutions to share processes and data securely, has joined forces with VMWare Blockchain to enable the latter to integrate the former’s DAML smart contracts into its platform, according to a press releaseRead MoreRead More.

2019-4-13 13:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Haven Protocol Token (XHV) crashes after mint exploit

Haven Protocol suffered a mint exploit, with over 500 million XHV tokens minted illicitly, The hack has sent the price of the XHV token down by over 60%. Hacker(s) exploited a vulnerability in the range proof validation code, introduced during the Haven 3.

GRVT becomes world’s first regulated DEX after licensing in Bermuda

GRVT has secured Bermuda’s Class M license, becoming the first regulated DEX globally. GRVT combines 600,000 TPS with compliance, aiming to be the “Goldman Sachs on blockchain. ” GRVT plans global expansion, aligning with MiCA and ADGM for broader regulatory approval.