Skip to main content

Cardano countdown is on: smart contracts in September?



Cardano founder Charles Hoskinson is apparently sticking to the schedule: The eagerly anticipated hard fork Alonzo should take place in September at the latest. The bets on Polymarket are against it.

The most important hard fork in the crypto ecosystem is gradually emerging for this year. After a long wait and some delays, the Cardano developers seem to have roughly agreed on September as the date for “Alonzo”. The upgrade introduces smart contracts and equips the network for decentralized applications (dApps).


Cardano hard fork just a matter of form?

In order to close the Goguen era with Alonzo and the associated integration of smart contracts, according to Charles Hoskinson's latest video statement, there are still two hurdles to overcome. On the one hand, the Hard Fork Combinator Event, which joins the logs together without interrupting the system:

Now the Hard Fork Combinator Event is all about getting Alonzo skills on the node. This means that once the Plutus code is submitted, one would be able to execute these transactions in order to be valid.

At the same time, the developers are working on an infrastructure for the Node. A sure-fire success, as Hoskinson says: “The first part is what you need the hard fork for, everything else is software”. Given current progress, Hoskinson is optimistic that the schedule can be met.

We have already started the integration process. It usually takes one to two weeks - if you have a new node and a new wallet - until these parts fit together.

If so, "we can start the countdown to a hard fork process."


EMURGO develops dApp connector

To this end, the software company and Cardano founding member EMURGO has announced the development of a dApp connector that links the ADA Wallet Yoroi with decentralized applications. As a result, the Yoroi dApp-Connector, with which ADA users can access decentralized applications in the Cardano network via a web browser plug-in, is about to be introduced:

After activating the dApp Connector, the user can participate in all activities that the dApp allows, such as buying or selling tokens, accessing resources or using other functions offered by the dApp.

The dApp Connector is a crucial “communication bridge between the two platforms” and not only facilitates “the validation of ownership of certain assets”, but also “the execution of transactions for dApps”.

Great, the bet stands

But while there are many indications that Alonzo will sweep Cardano over the next month, some investors still don't seem convinced. Finally, on the Ethereum-based forecast platform Polymarket , the bets are close to a smart contract support on the mainnet in October.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
BetFury - Stack BFG for daily dividends - Play smart!
Pipeflare - Faucet that pays in ZCash and Doge, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS
Cointiply - The #1 Crypto Earning Site
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
Publish0X - Earn Money By Writing and Reading Articles!
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!

FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more