Alonzo’s first testnet was initiated on the Cardano blockchain. This represents the next step towards the implementation of smart contracts on the network, which is planned for September this year. The Alonzo Blue testnet will at first be available to a narrow amount of venturing pool operators, Plutus members, and other partners, according to an announcement from the Cardano team.
Blockchain servicers have made substantial progress towards the release of Plutus smart contracts, which will allow the implementation of a wide range of decentralized financial apps. IOHK CEO Charles Hoskinson earlier stated that the Alonzo hard fork will be triggered on the mainnet in about three months, but also implored the community to consider potential hurdles to the rollout of the update.
According to Alonzo’s revised rollout plan revealed at the latest Cardano 360 event, smart contracts will commence on the mainnet in September. This event will be preceded by a number of transitional development phases. For instance, Alonzo White Cardano intends to entice more partners and will perform network execution testing.
After a few small landmarks, Cardano is “pretty much closer” to the definitive rollout of the hard fork. Earlier in May, it became clear that Cardano is organizing to test the migration of ERC-20 tokens to its blockchain. In accordance with the previous plan to implement the Alonzo hard fork on the Cardano blockchain, the update was meant to be activated in August.
