LOGO_CRYPTO_SIGHT

Cardano Took Significant Strides Towards Smart Contracts With New Testnet

| 17-Th7-2021
IoT Sensors Helps Smart Contracts Reaches Maximum Potential, Claimed NYU Blockchain Experts

IOHK – the blockchain development group that designed the Cardano coin – reportedly revealed on July 15 that the initiative’s Alonzo test net will soon support smart contracts, with a transition from blue to white. 

Specifically, the test net in the past – generally perceived as Alonzo Blue – did reportedly come with facilitating features for smart contracts, but only rolled out to a particular selected number of insiders.

The upgrade on July 16th will reportedly make it possible for approximately 500 validators, stake pool operators, and developers to conduct testing for these features in the near future. 

Alonzo White is reportedly scheduled to operate for two to four weeks prior to upgrading to another color for the final test net of the existing development stage, known as Alonzo Purple.

Regardless of several negative feedback recently throughout the blockchain sphere, Cardano founder Charles Hoskinson reportedly shared via a Youtube video that all is still going according to plan, in terms of the initiative’s development roadmap. 

He further claimed that over $10 million in NFTs have been sold via the Cardano network, as well as “tens of thousands of assets”.

As soon as Alonzo White is rolled out to the main net, developers will reportedly have the freedom to release dApps, NFTs, and more.

Simultaneously with the disclosure of the Alonzo White development, an NFT and DeFi Marketplace dubbed the Spores Network reportedly revealed details of a successfully obtained $2.3 million in funding on July 16th. 

The firm reportedly shared its hope to take advantage of Cardano’s lower transaction costs, lower carbon footprints, and higher transaction throughput to bring NFTs to mainstream users.

Tags: , , , ,

Comments