Cardano’s Charles Hoskinson Blasts Critics Claiming Forthcoming Smart Contract Launch Won’t Happen

Cardano’s Charles Hoskinson Blasts Critics Claiming Forthcoming Smart Contract Launch Won’t Happen
фото показано с : zycrypto.com

2021-8-5 22:06

Cardano, the home of the fifth-largest cryptocurrency by market cap ADA, is set to soon fully launch smart contract functionality. The network entered its second era, Shelley, last July, and is now set to begin its third era, Goguen, which will introduce smart contracts. This functionality should enable decentralized applications (DApps) on the blockchain. 

Yet, most Polymarket users are betting that the much-awaited smart contracts will not go live on the proof-of-stake blockchain when October begins. Cardano founder, Charles Hoskinson, has once again lambasted such skeptics claiming imminent smart contract deployment won’t happen. In an Aug. 4 tweet, Hoskinson suggested starting a fund that will pay for the critics’ therapy.

Notably, Cardano has been highly criticized in the past for slow development with some positing that its peer-reviewed approach was responsible for the delays.

Surprisingly, the Alonzo testnet that’s supporting key features of smart contract development for Cardano’s upcoming Goguen era has been making steady progress. The testnet was split into three different color-coded phases named Blue, White, and Purple. 

In mid-July, Input Output Hong Kong (IOHK) announced that the Alonzo testnet had successfully transitioned from the Blue to the White phase. The Alonzo White phase allows stake pool operators and validators to test the smart contract functionality on a more advanced level unlike on Alonzo Blue.

If all goes well, the completion of the purple stage will lead to the launch of smart contracts on the Cardano mainnet in September of this year as per the project’s roadmap. This will give Cardano the ability to compete with other decentralized finance ecosystems such as Ethereum, Solana, Binance, and Polkadot.

ADAUSD Chart by TradingView

ADA’s price action has reacted positively to the strong progress made by the IOHK team, standing as one of the most popular cryptocurrencies. While the price of the token has dropped with the rest of the crypto market in recent weeks, it has held up in the $1 to $1.30 level. Moreover, 71.77% of all ADA tokens are staked on the network, amounting to circa $30.93 billion out of an approximately $43.1 billion market capitalization.

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smart cardano set era launch contract shelley

Источник: zycrypto.com

smart cardano → Результатов: 126


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ADA Rockets As Cardano’s Smart Contracts Release Date Is Finally Revealed

The IOHK team has announced the date slated for the mainnet launch of smart contracts with the Alonzo hard fork. Cardano Targets September 12 For Smart Contracts Launch The Cardano blockchain is less than a month away from finally rolling out the much-anticipated Alonzo hard fork which will initiate the smart contract functionality on the […]

2021-8-14 12:58


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Why Cardano Is Expected To Thump Never-Before-Seen Levels After Smart Contracts Rollout

Cardano is less than one month away from finally deploying its Alonzo smart contract capability upgrade that will enable the development of decentralized applications on the platform. High anticipation in the crypto community ahead of the launch has led to speculation that ADA is on the verge of the biggest breakout in its history. In […]

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IOHK plans to achieve future Cardano smart contract compatibility with all programming languages

Blockchain engineering company IOHK today announced that it will launch two smart contract developer environments (devnets) for Cardano – KEVM and IELE. KEVM allows developers to deploy any smart contract on the Cardano blockchain platform written in Solidity, the programming language used to implement smart contracts on Ethereum.

2020-12-4 02:08


IOHK releases the first edition of the Plutus ebook, a guide to programming smart contracts on Cardano

Input-Output Hong Kong (IOHK), a research and development company behind the Cardano project, has just released the first edition of their Plutus ebook. The book, which will be available on Amazon and LeanPub, is a comprehensive guide to the company’s Plutus programming language and aims to simplify the development experience on Cardano.

2019-8-2 13:08


Ethereum recorded over 1 million transactions owing to smart contract creation, reveals SOOHO report

Technologists including Ethereum’s Vitalik Buterin and Cardano’s Charles Hoskinson have shifted their focus into developing individual ecosystems and improving market adoption. This drive is complimented by these technologists uploading informative videos that trace their company and coins’ future roadmap.

2019-7-2 20:30


Cardano Price Analysis: ADA/USD Register New 2018 Lows, Floors not Visible

Latest Cardano News Aside from developing this peer-reviewed smart contracting platform, Cardano is all about the community. Participants are “amazingly diverse and vibrant”. We saw Charles Hoskinson and Ken Kodama open letter and how they needed the community to rally behind their effort to rid the chairman of the Cardano Foundation whom they accuse of […] The post Cardano Price Analysis: ADA/USD Register New 2018 Lows, Floors not Visible appeared first on Ethereum World News.

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