Wednesday, November 30, 2022
HomeCrypto NewsMarketCardano Alonzo Mainnet Goes Live As Cardano Now Has Smart Contracts Capabilities

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

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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.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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