Cardano Surges in Anticipation of Smart Contract Functionality

2021-8-12 22:15

The native token of Cardano (ADA) surged to a two-month high this week, in anticipation of the network’s smart contract capability finally launching. 

Already the fifth largest cryptocurrency by market capitalization, ADA shot up over 20% in the past 24 hours. The token is currently trading at $1.88, a price level not seen since the first week of June. Additionally, over the past week, ADA has risen 36.5%.

Update announcement

This result comes on the heels of a recent announcement from Cardano founder Charles Hoskinson. Yesterday, he announced that he would reveal the date that smart contracts will be released on the Cardano main network this Friday. 

“We’ll be able to announce when the Alonzo hard fork is going to happen, and at that point…run smart contracts on Cardano,” said Hoskinson. He also added that his team would implement the hard fork before the Cardano Summit, scheduled for September.

Cardano’s difference

Cardano seeks to establish itself among its competitors as a platform developed through peer-reviewed research. It utilizes a team of engineers and academics that have published more than 100 scientific papers on the underlying technology. In particular, they’re aiming to address scalability and other issues inherent in its predecessors. Hoskinson has also frequently emphasized the company’s motivating developmental goals. 

For example, in a recent interview with Bloomberg highlighting Cardano’s work in Ethiopia, Hoskinson emphasized his company’s commitment to human rights. “We’re a big believer in quality human rights,” he said. For this reason, he says it wouldn’t make sense to build identity solutions in countries that “have an onerous record of very significant institutional violations.” In these instances, he believes the solutions could be abused by the state against the population.

However, despite its ambitious intentions, Cardano has been delayed in implementing key functionalities, such as smart contracts. But with the impending launch, Cardano may finally be ready to compete with its peers.

The post Cardano Surges in Anticipation of Smart Contract Functionality appeared first on BeInCrypto.

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smart cardano contract anticipation surges functionality capability

Источник: beincrypto.com

smart cardano → Результатов: 126


Фото:

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 […]

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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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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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