Cardano, the decentralized blockchain platform that has been in the news recently for its release of the Alonzo upgrade, is once again making the headlines. This time, it is because Cardano has now enlisted over 200 smart contracts, and as of yet, they have been locked away and are not available for use, until their developers release them.
Cardano Has Finally Released The Alonzo Update and Listed Smart Contracts On Its Platform
Cardano stepped into the blockchain domain with their Alonzo Hard Fork, and things have been going great for them as they are planning the Cardano Summit’21 at Johannesburg in a few days. Ever since the announcement that Alonzo has reached the crypto world, their platform shows more than 200 smart contracts.
A third-party reviewer called Vercel App claimed that the number of smart contracts over there has surpassed 2000! Crypto enthusiasts have been waiting for Cardano to launch their smart contract feature since 2017 and up until now, several sources have bashed the platform for being so late in announcing it. Dominic Williams, the Head of Internet Computer, openly wondered why Cardano would put off releasing smart contract features for so long as smart contracts are game-changers in the crypto field.
With smart contracts, decentralized financing (DeFi), NFTs, etc. have become available to the users. Also, with Alonzo, the platform can now host other applications too. Charles Hoskinson, Chief of Cardano, announced DeFi is “up for grabs” on his platform, thanks to the release of Alonzo by Cardano.
Cardano’s Main Aim Is To Control The Market
Cardano is targeting all DeFi degens with the new Alonzo update, and that is, perhaps, why they have enlisted so many smart contracts on their platform. But the catch is that they are not available yet since the developers need to unlock them. There are many projects with smart contracts that are on ‘timelock’ and are going to make them available to the public soon—such as GREED, SingularityNET, Cardax, etc.
