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Cardano’s Rollout Plan for Its New Smart Contract Platform

byKelvin Maore
May 28, 2021
in Cryptocurrency News

The next update on the Cardano blockchain network is eagerly awaited by enthusiasts across the globe. The developer of the platform Input-Output Global (IOG) has now revealed that the initial phase of the “Alonzo” Hard Fork will be released in the market in the next month of June, and the full deployment is expected to get complete by September 2021.

The first phase of the testing will be done with Alonzo Blue, and later on, more stakeholders will be invited for a comprehensive and thorough testing analysis of the platform. IOG is planning the full rollout with a more decentralized application and testing it with PAB and WEB integration.

The testnet will enable the partnering organizations to check for the compatibility of their scripts on the network. This will also provide an opportunity for benchmarking their decentralized applications related to stablecoin and Uniswap. Besides decentralized applications, Alonzo White will also become instrumental in integrating mechanisms created by Coinbase to the Rosetta framework.

In August, the first public testnet Alonzo Purple will get its launch in the market. The launch is significant because important components such as Explorer and Daedalus Flight will get tested on it in addition to the ongoing process of assessing the platform’s stability.  Alonzo will come with two stages – Red and Black, whereas Alonzo Purple will get smart contracts ready for the HFC event, which is scheduled to occur in the final month of the third quarter of 2021.

In addition, Cardano has also announced the launch of its prototype application, Marlowe Run that can be used to facilitate smart contracts. According to the organization’s official press release, the app is very easy to use, and even users without having any prior blockchain expertise can use the app seamlessly. The app falls into the category of programming languages with the special competence of building financial contracts on the Cardano blockchain.

The unveiling of the rollout plan is going to bode well for the future of the Cardano blockchain. This will up the anticipation quotient and keep the organization in the news for good reasons. The coverage will also help Cardano to widen its popularity and reach among prospective users.

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Kelvin Maore

Kelvin Maore

Kelvin M. Maore is a seasoned crypto market analyst with half a decade of hands-on expertise. Through concise updates and a creative flair for storytelling, he demystifies blockchain developments, guiding readers confidently through every market twist.

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