It’s been just revealed that the Cardano network has eventually executed the Alonzo hard fork. Check out all the juicy details below.
This upgrade is introducing smart contract capabilities, and it also paves the way for devs to launch a bunch of new projects and apps on the network.
These include DeFi platforms, NFTs, and stablecoins.
Cardano creator Charles Hoskinson said that he believes the platform’s long path to the smart contract era will be beneficial for the entire crypto industry.
“We worked for a very long time. Some of the members of this team have been working for over four years. We did our work. [We did] our homework. We did hundreds of presentations, dozens of papers.”
He continued and said the following:
“So much code was written and a lot of very careful thought went into building a very novel model that’s ubiquitously beneficial, if anything, as an experiment for the industry [that] we feel is the best industrial model.”
In a recent video, Hoskinson continued and said: “And a few weeks later, the latest and greatest version of the Plutus application backend will be released and we’ll have the [Cardano 2021] summit. And there will be a huge spotlight on the ecosystem as a whole. That will be a great event.”
Cardano (ADA) can deliver huge gains
There are some coins in the crypto market that have massive potential, and more analysts are looking at the prices to predict how can some of them can go.
Now, it’s been revealed that there’s a popular crypto analyst who is looking at Cardano (ADA) and Solana (SOL), and he says that these two have big potential to deliver huge gains.
The online publication the Daily Hodl brings up Jason Pizzino who explained not too long ago the reasons for which Cardano and Solana are flashing bullish signals as the digital asset market heats up.