Saturday, September 18, 2021
Home Crypto News Market Cardano Alonzo Mainnet Goes Live As Cardano Now Has Smart Contracts Capabilities

Cardano Alonzo Mainnet Goes Live As Cardano Now Has Smart Contracts Capabilities

- Advertisement -

Cardano Alonzo upgrade is now live on the mainnet.

Read: In Last 3 Months Cardano Adds Over 200,000 New Staking Addresses


The wait is finally over. After years of researching and producing a multitude of peer-reviewed papers on the network’s structure, potential, ideas, and goals, Cardano now has smart contracts capabilities to further boost its ecosystem.

 

 

As of now, Cardano saw an important hard fork go through, and Alonzo is now live on the mainnet. What this means is that the network supports smart contracts, enabling various teams and projects to start building and deploying their protocols directly on Cardano.

 

Cardano said in a blog post:

“This is where the mission truly begins as we – the whole community – start delivering on the vision we have all been working towards for so long. Building a decentralized system that extends economic identity and opportunity to everyone, everywhere.”

The Alonzo fork enables smart contracts to be written on Cardano using Plutus scripts, which the team describes as “a purpose-built smart contract development language and execution platform using the functional programming language Haskell.”

 

The team has encouraged its community to maintain sensible expectations for Alonzo, stating:

“There are high expectations resting on this upgrade. Some unreasonably so. Cardano watchers may be expecting a sophisticated ecosystem of consumer-ready DApps available immediately after the upgrade. Expectations need to be managed here.”

Cardano is a public blockchain that was founded by Ethereum co-founder Charles Hoskinson and developed by his research firm IOHK.

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

According To El Salvador President, Nayib Bukele, 1.1 Million Salvadorans Now Using Chivo Bitcoin Wallet

The President of El Salvador, Mr. Nayib Bukele share some positive news on how the adoption of bitcoin is growing in the country. According...

US Commodity Futures Trading Commission (CFTC) Probes Binance Over Allegations of Possible Insider Trading And Market Manipulation

Binance regulatory troubles have now spread to the US. A recent Bloomberg report highlighted that the US Commodity Futures Trading Commission (CFTC) is now...

MonoX raises $5 million to disrupt traditional DEXs using single-sided liquidity pools

Singapore, Singapore, 17th September, 2021, MonoX Protocol, the most capital-efficient automated market maker (AMM) in the DeFi space, is delighted to announce the closing...

MonoX raises $5 million to disrupt traditional DEXs using single-sided liquidity pools

Singapore, Singapore, 17th September, 2021, MonoX Protocol, the most capital-efficient automated market maker (AMM) in the DeFi space, is delighted to announce the closing...

$1.2B In Ethereum Withdrawn From Exchanges In Past 24 Hours Along With Over $1 Billion In ETH Burned Since EIP-1559 Release

More than $1 billion worth of ETH were pulled off from centralized exchanges within 24 hours. its the second time this year.

Bybit Launchpad Debuts With BIT Token Listing

Singapore, Singapore, 17th September, 2021, Bybit, a popular platform for crypto lovers around the globe, has announced today its token launch site Bybit Launchpad....

Paypal Enables All Eligible Customers In The UK To Buy, Hold And Sell Bitcoin, Ethereum, Bitcoincash & Litecoin From Their Paypal Account

PayPal has announced that all of its eligible customers can now buy, sell and hold cryptocurrencies in the U.K. ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.