Cardano Deploys First Simple Smart Contract On AlonzoBlue Testnet

Reynaldo Marquez

4 years ago

2 mins read

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Cardano (ADA) has maintained part of its profits from the pre-crash weeks. At the time of writing, the fifth cryptocurrency by market cap trades at $1,50 with moderate losses in the weekly chart.

ADA moves with the general market sentiment, undecided, and with no clear direction. However, the bullish case for Cardano revolts around the deployment of its smart contract capabilities, and IOG, its developer, has been making important progress.

At the beginning of June, this company launched the first testnet for the platform’s Alonzo era, AlonzoBlue. This phase in Cardano’s development has the objective of stress test their smart contract platform, Plutus. IOG’s media department announced:

The first simple Plutus smart contract has this week been successfully run on the AlonzoBlue Cardano testnet.

Tim Harrison, IOG’s Marketing Director, the company’s Head of Delivery, Nigel Hemsley, and Delivery Lead, Dimitris Poulopoulos, deep dive into this smart contract first run. Hemsley said that stake pool operators (SPOs) have been successfully running nodes, these community members have been a key component to “sort out a bunch of issues”.

Pioneers and IOG’s partners have also been running their own nodes and have begun with their first exercises. As NewsBTC reported two weeks ago, Alonzo’s testnet will have several colors coded phases (Blue, White, Purple, and two small stages called Red and Black) before its implementation.

Each will have a specific set of objectives and exercises to be completed by IOG and its participant, from the private to the public phase. AlonzoBlue will check basic network functionalities, the initial distribution of ADA to the SPOs with simple Plutus scripts, and others. Poulopoulos added:

We can actually talk to the Alonzo node. A Pioneer could create a very simple smart contract and pass it to the ledger. So, they can have their first smart contract written against our network.

Where Is Cardano Going Next?

The simple smart contracts that can be deployed on Cardano’s AlonzoBlue can have different applications, Poulopoulos said. IOG’s Delivery Lead said that although Alonzo is yet to run a “fancier” smart contract, this represents a major milestone for the platform.

At the moment, the stability of AlonzoBlue is the priority. Then, IOG will move to AlonzoWhite and SPOs, pioneers, and partners to “spin un” a new node. In this phase, IOG engineers will integrate bigger components for Plutus, Hemsley said.

IOG has received a lot of feedback from the community via GitHub and Discord, Poulopoulos added. To wrap up with AlonzoBlue, the developers expect to build confidence in the network and its components. IOG’s Head of Delivery said:

Once they (pioneers and partners) can successfully prove they can submit, validate, and execute we will be ready for (Alonzo) White.

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.

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