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

ADA Rockets As Cardano’s Smart Contracts Release Date Is Finally Revealed
фото показано с : zycrypto.com

2021-8-14 12:58

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 mainnet. As per a recent announcement by Input Output Hong Kong, the research and development team behind Cardano, smart contracts are expected to debut on the platform on September 12.

“It’s happening. We’re targeting 12 September 2021 for the ‘Alonzo’ upgrade, bringing smart contracts to Cardano via a hard fork combinator (HFC) event.”

The rollout of smart contracts on the Cardano blockchain will allow users to tap into the nascent world of decentralized finance (DeFi). This means they will have the chance to leverage smart contracts to borrow, lend, trade, mint NFTs, create gaming apps, among other use cases.

The head of delivery at Cardano, Nigel Hemsley, said on Friday that the firm’s engineering and test teams are working very hard to ensure that all components are ready for the move to the hard fork on the mainnet. 

IOHK launched Alonzo Purple last week, the project’s third and final stage of the Alonzo phases. Hemsley claims that at least 500 users will be working on the network after the completion of the Alonzo Purple testnet, then the scheduled hard fork combinator event will occur next month. 

In preparation for the rollout, the IOHK team is cooperating with over 140 cryptocurrency exchanges to begin the integration on the Alonzo Purple and make sure they are ready with the complete software package. The final testnet will be implemented on September 1 to enable the team to see how the whole package works in a production environment before mainnet deployment.

Notably, Cardano has been harshly criticized in the past for its slow development and the striking lack of smart contract capabilities. The project has, however, boasted remarkable progress in recent months and this has been reflected in the price of ADA.

Bombastic ADA Price Hits $2 For First Time Since May

As the smart contract launch date draws closer, the Cardano (ADA) bulls are on a roll. The price of the token has soared by over 14% over the past 24 hours, reaching a 3-month high above $2.

ADAUSD Chart by TradingView

ADA has gained approximately 47% within a one-week timeframe, making it the best performer among the crypto market’s top cryptocurrencies. The recent upswing thrust Cardano’s market value to $70 billion, briefly overtaking Binance Coin (BNB) to become the #3 crypto.

Ushering in smart contracts on September 12 will notably fly in the face of skeptics who have previously bet that the capability — which positions the network to better challenge Ethereum — would not be coming anytime soon. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

SmartCash (SMART) на Currencies.ru

$ 9.67E-5 (+3.20%)
Объем 24H $55
Изменеия 24h: 4.16 %, 7d: 11.51 %
Cегодня L: $9.67E-5 - H: $9.67E-5
Капитализация $136.673k Rank 2190
Цена в час новости $ 0.0032958 (-97.07%)

smart cardano contracts hard alonzo launch fork

smart cardano → Результатов: 126


Фото:

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 […]

2021-8-11 21:45


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.

2018-12-7 15:35