on the crypto
Smart contracts are coming to Cardano at an ever faster pace. Following the recent implementation of the Alonzo White upgrade, the network has accelerated the levels expected by Cardano users, who are awaiting the release of smart contracts.
The journey traveled so far
Recall that on July 14, IOHK noticed the success of the hard fork that brought the test network update to life and recorded that the blocks had already been made on the network.
With Alonzo Blue, only a select few have validated or received a smart contract. With Alonzo White over 500 validators will perform functionality tests. After a period of two weeks to a month, Alonzo White will give way to the last test network to be performed. According to the Cardano team, this is scheduled for September.
After Alonzo Blue and White there will be Alonzo Purple which, according to Charles Hoskinson, will be divided into two phases.
Smart Contracts are coming to Cardano
In the longer term, the main focus is on the debut of smart contracts, which should take place after testnets. Users are extremely excited when Cardano registers this milestone, as it is expected to change the trajectory of the network, which many still feel is highly underrated. WeissCrypto Ratings in a Twitter post mirrored the expectation of community members in the tweet below which states: “Cardano expands testnet support for smart contracts, getting closer and closer to the moment we've all been waiting for: smart contract capabilities. on the main network. ADA. "
Meanwhile, Cardano has received a lot of heat from critics, who are more than confident smart contracts won't be coming to the network anytime soon. The network has been at the center of the conversation among observers who insist that Cardano has no significant use cases.
Hoskinson disagrees that Cardano has no intrinsic value, adding that the critics are either malicious or misinformed. “Cardano is one of the fastest, most stable and most mature cryptocurrency projects,” said Hoskinson.
ADA is poised to increase in value
In terms of performance, ADA has already shown that market interest is still high. In fact, the value of the asset has increased substantially as a result of environmental concerns.
With investors looking to ADA, the continuous updating of the network makes ADA even more attractive, so the $ 5 price seems an achievable year-end price.
How to buy ADA and other cryptocurrencies
Those who want to invest in ADA or other cryptocurrencies can do so using trading platforms such as Bitcoin Revolution. This platform is able to allow less experienced traders to trade cryptocurrencies, even automatically.
However, this does not mean that more experienced traders cannot use it. Its system is simple and intuitive, and it is very useful for trying out your trading strategies and trading cryptocurrencies safely, making a profit both when the markets go down and when they are rising.
