Cardano successfully uses Alonzo Hard Fork; Adds intelligent contract functions to his blockchain -

Cardano successfully uses Alonzo Hard Fork; Adds intelligent contract functions to his blockchain -

Cardano, the third largest cryptocurrency after market capitalization, has successfully applied the Hard Fork "Alonzo" and expanded its functionality with intelligent contract functions. The update, which was provided on the Testnet days ago, was finally integrated into the Mainset yesterday. Cardano is now trying to provide Defi apps and there are already several parties that work on expanding the Cardano ecosystem in this regard.

Cardano enters the Smart Contracts Arena

Cardano, one of the leading cryptocurrency chains after market capitalization, has successfully used the Hard Fork "Alonzo". With this update, the chain has expanded its blockchain to support Smart Contracts. The update that happened yesterday after it in. was provided test network contains a solidity-like language, that enables programmers to integrate scripts into the chain.

With this update, Cardano is now a new challenger in a crowded defi ecosystem that is dominated by other more established chains in the room such as Ethereum and Solana. However, Cardano has already received some support from third-party support and has a diverse ecosystem of Defi apps (DAPPS) that are incorporated into the Cardano ecosystem.

About, input-output, the company behind the development of Cardano, specified that 150 projects develop their ideas about the innovation program Project Catalyst from Cardano. The company published a map of the Cardano ecosystem in its official Hard Fork Blog Post.

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Cardano ecosystem

expectations must be managed

Despite the successful application of this update, input-output advised users to meet their expectations regarding the upcoming DAPP Ecosystem. It was said:

High expectations rest on this upgrade. Some inappropriate. Cardano observers may expect a sophisticated ecosystem of ready-to-consuming DAPPS that are available immediately after the upgrade. Here expectations must be managed.

The company gave Ethereum a blow and explained that the first decentralized app that appeared in the chain had to wait over two years before her first dapp won a little from the audience. The implementation of smart contracts in Cardano has confronted a lot of criticism. Some users complained on social media that problems occurred in the testnet for certain apps, e.g. B. that the processing of transactions took a lot of time.

input-output that Cardanos approach for smart contracts is new and developer parallelism and several transactions have to take on to take on to to better use the possibilities of the chain.

What do you think of Cardanos Alonzo Hard Fork and his new support for smart contracts? Tell us in the comment area below.

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