Cardano successfully integrated smart contract support on the mainnet with Alonzo hardfork on September 12. The blockchain has reached 100 smart contract milestones within 24-hours of the Alonzo upgrade. Charles Hoskinson, the founder of the Cardano blockchain called it six years of hard work turning into a success. He said,
„See uuendus on kuueaastase raske töö kulminatsioon koos mõne plokiahela ja kaugemagi helgeima peaga. Nüüd keskendutakse platvormi edasisele täiustamisele ja selle tagamisele, et ettevõtted ja valitsused võtaksid Cardano omaks. Selle käivitamisega on kommertsialiseerimine sama palju kogukonna kui süsteemiarhitektide kätes ja nad juba täidavad – vähem kui 24 tunniga on sõlmitud juba üle 100 nutika lepingu.
The smart contract integration is proclaimed to be the biggest upgrade on the third-largest blockchain network pitting it against the likes of market leaders Ethereum ja Polkadot. The blockchain could now host Dapps, Defi protocols, and even mint NFTs. What made the success of the Alonzo hardfork even sweeter for Cardano folks is the amount of criticism and flak it has received over the years for not having the smart contract functionality.
You know it’s pretty easy to win when you’re being underestimated and ignored. It’s actually the greatest gift we could get. Stay hungry everyone https://t.co/2l7cbTxSLQ
- Charles Hoskinson (@IOHK_Charles) September 15, 2021
Many people even bet against Cardano claiming it won’t be able to integrate smart contract support on time. The likes of PolymarketQ and Polygon co-founder Sandeep Nailwal lost the bet and now Hoskinson wants them to put their money where their mouth was.
Näib, et meil on veel üks annetus tulemas https://t.co/Km6gsL8S6i
- Charles Hoskinson (@IOHK_Charles) September 14, 2021
Cardano ($ADA) Price Could See a Recovery
$ADA hind saw a phenomenal run in the run-up to the upgrade reaching a new all-time high of $3.10 before the final upgrade. However, the price dipped post-Tuesday market crash that coincided with the Alonzo upgrade. $ADA is currently trading at the $2.40 mark, but technical indicate it might burst into another bullish rally as the crypto market recovered from the recent flash crash.
The latest upgrade would not only make the Cardano network more secure and decentralized, but it would also make it one of the more scalable products available in the market with enhanced security features.
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