• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Picture of a Cardano symbol with updates written a computer keyboard key behind it
Nexo Logo

Cardano: Alonzo Enters Final Stage, Smart Contracts On The Horizon

Reynaldo Marquez by Reynaldo Marquez
12 months ago
in Cardano
Reading Time: 3 mins read
Advertisement

Cardano moves at full speed towards its final hard fork combinator (HFC) event Alonzo to implement full smart contract capabilities. The community has been keeping a close eye on the latest developments, as AlonzoPurple enters its final test stage.

Input-Output Global, the company behind this blockchain and its development, recently disclosed that they submitted an upgrade proposal. This will allow the Cardano testnet to hard fork “into the Alonzo era”.

❗🍴 Today, we have just submitted an upgrade proposal to the #Cardano testnet to hardfork the chain into the #Alonzo era and enable smart contract capability. This will take effect within the next few hours. 1/5@CardanoStiftung @Cardano

— Input Output (@InputOutputHK) August 27, 2021

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The process has been put into effect and should be completed within the day, IOG claimed. The company referred to this final test stage for HFC Alonzo as a “major milestone”.

In addition, IOG said that Cardano has entered a “critical stage” that will take place before the mainnet is forked to implement Plutus, its native smart contract platform. The company confirmed that the final stage for the HFC event Alonzo will be rollout out on September 12th, 2021.

Over the days ahead, we’ll be doing final checks and testing within a controlled environment to ensure that we are ready to upgrade the main #Cardano network. And usher in a transformative era of smart contracts capability.

Dimitris Poulopoulos, IOG’s delivery lead, called the new stage the “final dress rehearsal”. All the components and the smart contract platform need to work for a determined period of time before full implementation.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

During this time, developers will identify and fix issues before mainnet deployment. In addition, the team will “confirm” the stability of the network and its other elements.

Most importantly, crypto exchange platforms have been testing their configurations, reporting, and tracking down bugs and issues. Thus, when the HFC launches, these platforms can operate without problems.

The company thanked stake pool operators (SPO), pioneers, and other partners for their “incredibly hard work” and celebrated that they are “nearly there now”. The HFC Alonzo is probably one of the most awaited Cardano updates.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

A Final Test For Cardano Before The Big Show

Charles Hoskinson, the creator of Cardano and IOG CEO, also thanked the community in a recently posted video on his YouTube channel. Hoskinson confirmed that after reviewing the infrastructure, and the state of the testnet, the team decided to greenlight the final test stage.

He further explained that, unlike previous occasions, Alonzo has entered the “primary testnet used for exchanges and all the other people”. Once the HFC infrastructure “rolls over”, it will stay on the testnet until the “update proposals are done” on September 9th, before its launch on the 12th. Hoskinson added:

It’s going to be probably a rather uneventful rollover, knock on wood. Looks like that, we are pretty happy about it. Everything is on schedule for the 12th. Big milestone today on the go/no-go decision (…). Thank you to the countless hundreds of people who helped us beta test this and push really hard (…).

At the time of writing, ADA trades at $2,85 with a 12.8% profit in the daily chart. The cryptocurrency sits at the 3rd position in the top 10 by market cap, right below Ethereum, and Bitcoin.

ADA has been positively reacting to the updates on the platform’s smart contract capabilities and seems poised to continue breaking all-resistance levels. In the past day, it made one of the strongest comebacks after the market saw some selling pressure. $3 stands as the next major objective.

Cardano ADA ADAUSDT
ADA on strong bullish momentum in the 24-hours. Source: ADAUSDT Tradingview
Tags: ADAADAUSDTCardano
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Reynaldo Marquez

Reynaldo Marquez

Related Posts

Cardano

Cardano (ADA) Regains Some Support But Rate Stuck Below Vital $0.50 Level

5 days ago
ADA

ADA Up 22% In Last 7 Days; Remains On Track To Test $0.6 Barrier

1 week ago
Cardano

Cardano Moves In The Red With The Market, Can The Price Of ADA Stay Above $0.46?

2 weeks ago
Cardano

Cardano Joins The Red Screen – How ADA Fell To $0.45 Over Last 24 Hours

2 weeks ago
Cardano

Cardano (ADA) Spikes 8%, Overtakes XRP In Last 24 Hours

2 weeks ago
Cardano

Cardano (ADA), After 35% Spike, Locks On Next Target: $0.55

3 weeks ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

The Main Reason Why GNOX (GNOX) Could Flip Dogecoin (DOGE) And Shiba Inu (SHIB) In 2023

August 8, 2022

The Next Bullish Wave in Crypto Could Generate Huge Profits for Uniglo (GLO), Fantom (FTM), and Optimism (OP)

August 8, 2022

The FishVerse Announces the First Ultimate Fishing Metaverse

August 8, 2022

Bware Labs announces the Blast Incentivized Testnet, code-named Houston

August 8, 2022

MEXC to List AURA Network, Supporting NFTs Adoption for More Possibilities

August 8, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.