Blockchain platform Cardano has announced via Twitter that it is going to be a “new era” for them. They have successfully finished the Alonzo upgrade the rollover of epoch 290. This historic move, made public on 12th August, will help smart contracts to be formed and executed on their platform for the very first time.
In a subsequent blog post, they also let their followers know that their project is still in its early days of processing and it is a huge milestone for them. They have completed the Alonzo Hard Fork and their much-anticipated smart contract feature is now right here.
The Cardano roadmap has 5 areas: Byron, Shelley, Goguen, Basho, and Voltaire—and currently, they are in the Goguen area. Once they are done with this, they are hopeful that both tech-savvy as well as people who are not too knowledgeable about technology, can form smart contracts.
The Alonzo fork will help people write Cordano smart contracts in Plutus scripts, a smart contract development language. The public blockchain company has promised this is a huge step in their roadmap and the decentralized system will bring economic opportunities to people at every nook and corner of the world.
As everyone is aware, Ethereum is dominating the decentralized finance (DeFi) hosting sector, but Cardano has vowed to come up as a rival for the firm co-founded by Charles Hoskinson. Interestingly, Hoskinson and his team of researchers from IOHK.
Cardano has met with some criticism for being late to deliver their smart contract functionality. Dominic Williams, the founder of another competitor platform called Internet Computer, raised his concerns by saying that he did not know how people were happy with Cardano’s late delivery of their smart contract functionality even though it was launched way back in 2017. Cardano has also garnered some negative attention when its first DApp saw some problems that were related to concurrent transaction processing.
