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Cardano Successfully Completes Alonzo Testnet Hard Fork, What’s Next?

Reynaldo Marquez
Reynaldo Marquez
3 years ago
2 mins read
Cardano ADA ADAUSDT

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Cardano closes in on one of its most important milestones since its inception, the implementation of its smart contract platform, Plutus. Input-Output Global (IOG) announced via its Twitter handle the successful roll-out of the Hard Fork for the Alonzo Testnet.

This update will integrate Plutus into the mainnet, as NewsBTC previously reported. At the moment, Cardano’s developer is testing Alonzo in color code phases, the first one was blue.

Yesterday, July 15th around 19:44 UTC, the testnet migrated to the Alonzo White node. IOG said: “the new network is happily making blocks already”.

Each phase has its own specific set of objectives and tasks to be completed with support from the Staking Pool Operators (SPO) and other partners. IOG added:

Over the past week, we have spun up a new network and onboarded our new intake ready to help us move us closer to smart contracts. Now the next stage of the journey begins.

During this phase, the company revealed that the SPOs will have support from the Project Catalyst crew, an initiative to provide the community with financial support to launch certain projects, and additional Plutus partners and Pioneers.

In future phases, the testnet will be more open with participation from the Cardano community. IOG will focus on the following:

We’ll monitor the new network closely over the next 24 hours while continuing to do further QA work on the node tonight. We’ll then review any feedback/results tomorrow and start addressing any required fixes. We expect a number of updates as we add features to Alonzo White.

Cardano On Track For A New Era With Alonzo

A month ago, IOG celebrated the deployment of a simple smart contract on the AlonzoBlue Cardano Tesnet. Nigel Hemsley, Head of Delivery for IOG, said that the SPOs have been running the testnet nodes with success alongside the Pioneers.

According to the company’s roadmap, AlonzoBlue was intended to run the first exercise of a smart contract and the initial ADA distribution to the SPOs.

Now, AlonzoWhite will run demo dApps, integration with WBE and PAB, benchmarks, and will have the participation of around 500 community members. Additionally, during this phase, Cardano will run the scripts on the network for a basic dApp version of decentralized exchange Uniswap.

In August, if White turns out equally successful, IOG will launch AlonzoPurple. This will be the first public testnet for Cardano and its smart contract platform. All Pioneers will be onboarded with partner dApps.

At the time of writing, ADA trades at $1,24 with a 3.2% loss in the daily chart. This cryptocurrency took over the 5th position in the top 10 by market cap and has been showing resilience in lower timeframes despite the current market conditions.

Cardano ADA ADAUSDT
ADA trends to the downside in the daily chart. Source: ADAUSDT Tradingview
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Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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