Wednesday, July 28, 2021
Home Crypto News Market The Road to Alonzo With Cardano CEO Charles Hoskinson

The Road to Alonzo With Cardano CEO Charles Hoskinson

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Cardano announced the future of smart contract technology this year. Smart contracts will begin private testing in April.

The Cardano team shared the developments in the ADA ecosystem at the monthly Cardano360 event. CEO Charles Hoskinson announced the smart contract technology.

In Cardano’s update report, it was stated that at last Alonzo work was progressing and the necessary updates were made.

Alonzo given date for testnet

Hoskinson set a date for the expected Alonzo hard fork. Saying that the Alonzo testnet will be implemented in late April or early May, Hoskinson said, “So people will be able to start using smart contract technology.”

Hoskinson added that the smart contracts will be executed on Cardano’s Plutus platform. He stated that professional software companies and Plutus developers will test the platform by trying to write various smart contracts such as NFT.

Alonzo’s mainnet date may be delayed

Hoskinson stated that developers will begin testing Alonzo in late May and early June.

Then, taking into consideration the updates and partners, he said:

If our partners like BINANCE and Coinbase want to make several updates before we put the Alonzo hard fork on the mainnet, we will wait for at least 4 weeks.

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Albert Brown
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.


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