AutoTrading Strategies

Sep 17, 2021

2 min read

Cardano Launches Smart Contract after Alonzo Hard Fork

Cardano Launches Smart Contract after a successful hard fork. The users can now create their own smart contracts on the public blockchain.

The completion of Alonzo hard fork has facilitated the integration of Plutus scripts. The news of the upgrade was tweeted by Cardano on September 12th.

Also Read: Cardano The Future of Blockchain

Cardano project has gained much attention lately with its meteoric rise in price. The ADA coin hit the tag of 3.10 on Sept. 3rd.

With the smart contract functionality, Cardano’s ADA is ushering into a new era.

Users can write their smart contracts into the blockchain with the help of Plutus Script. The team calls the script “a purpose-built smart contract development language and execution platform using the functional programming language Haskell.”

The enabling of decentralized application creation will increase the use cases of the Cardano blockchain.

The team Cardano praised their community for helping them achieve this success.

Cardano was developed by one of the EThreum blockchain developers back in 2017. The platform pledged to compete with ethereum by offering the same set of functionalities. However, it failed to deliver smart contracts up until now.

As Cardano launches smart contract, it has now become capable of rivaling the Ethereum platform in terms of hosting decentralized finance.

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