HomeCryptoCardano Records Over 100 Smart Contracts Following Alonzo Upgrade

Cardano Records Over 100 Smart Contracts Following Alonzo Upgrade

In nearly 24 hours after the deployment of the Alonzo sensible contract on the Cardano mainnet, about 100 sensible contracts have been deployed.

The Alonzo improve marked the start of a brand new period for Cardano, whose native digital asset, the ADA has grown to develop into the third-largest cryptocurrency by market cap. 

The Cardano community was developed as a game-changing blockchain protocol to assist stem the basic challenges of excessive fuel charges and the shortage of scalability discovered on current choices. With the roadmap main as much as the event of the sensible contracts taking as a lot as six years, Cardano is now notably set to herald a shift into an accessible monetary future powered by blockchain know-how.

“This upgrade is the culmination of six years of incredibly hard work with some of the brightest minds in blockchain and beyond,” stated Charles Hoskinson, Cardano Founder and CEO of IOHK, “The focus is now on improving the platform further and ensuring that corporations and governments adopt Cardano. With this launch, commercialisation is as much in the hands of the community as it is the system architects, and they are already delivering. In less than 24 hours, over 100 smart contracts have already been run on the network.” 

Prior to the sensible contract infrastructure launch, the Cardano blockchain took an modern method to comply with the rising world of Non-Fungible Token (NFT). With the allowance given, as a lot as 780,000 NFTs have been minted on the blockchain with a number of marketplaces arising by the day.

Hoskinson is formidable for what the community has to supply. For this, IOHK has launched Project Catalyst, an initiative to energy the event of DApps that may harness the facility of Cardano to contribute to blockchain adoption.

“This time next year, there will be useful, and in some cases, life-changing, decentralised applications running on the system which will transform the lives of millions to billions of people throughout the next decade,” he added.

Image supply: Shutterstock

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